Wednesday, August 26, 2009

Medicare cuts

I just came across this fantastic analysis of the relationship between Medicare payments and benefits. This is one of my biggest complaints to how Republicans are picking the fight on Obama's healthcare plan.

Medicare is a wildly unsustainable program that should never have existed in the first place. I have no problem with providing some degree of care to the indigent (at the state level) but the government is not competent to manage health care for the elderly. The main problem with Obama's approach to Medicare isn't that he's cutting benefits that recipients have paid for, it's that he's making the easiest cuts (and probably some that I would object to) in an utterly insolvent program and using the "savings" to fund a new, more unsustainable, program.

That's like me having a mortgage at three quarters of my salary, facing foreclosure on my home, managing to convince the bank to renegotiate to half my salary and then turning around and spending the "savings" on credit cards.

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