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User Info Cut The Crap - NOW; entered at 2019-01-02 08:26:32
Mickey
Posts: 56
Registered: 2014-05-19 Chic
Medicaid is part of the problem. We spend 400 billion there for about 75 million people a lot of that increasing as qualifications for medicaid were reduced with obamacare and people preferred free to subsidized.

Karl while you go into detail about what should be done with all this , to my recollection nothing has ever been done to streamline the processes and put in controls to just reduce fraud and waste.

We cannot get to the mentality to cut costs. Let alone take a scalpel to the system which it desperately needs.

I am not certain but I think the 179 billion is net of the monthly premiums paid by participants, and thats not the real cost anyway as we also have prescription drugs and the overall costs of the extension plans.

In other words, we are not working with a full deck.

Even the well intending legislators are incapable of fixing this. Few voters really understand the cost of the programs and that its unsustainable.

Once the so called trusts run out of money and if they implement the 27% automatic reduction in benefits, people will begin to understand.

For Medicare, thats 2022. Stanford and either harvard or Dartmouth did studies on Social Security about 2 years ago saying assumptions for Soc Sec were too optimistic on life expectancy. I thonk so since the life expectancy tables life insurance companies use are several years longer than the Soc Sec tables and thats their business.

2019-01-02 08:26:32