Medicare: What are the Options?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The basic problem: Currently, seniors (on average) receive far more in health benefits than they have paid into the system.

And with a worsening economy and baby-boomers reaching retirement, there are fewer employed Americans paying into the Medicare system.

Add to that the Congressional pilfering of the Medicare coffers and you have an economic disaster.

 

Many older Americans rightfully insist that they have paid into the Medicare system and deserve medical care.  And, basically, they can only get medical insurance through Medicare. 

 

But Medicare is going broke.  So what to do?

 

President Obama proposes cutting Medicare spending by raising taxes, limiting reimbursement to caregivers, and rationing health care. 

 

Rationing, you say?  Yes, through the IPAB (otherwise known as the Independent Payment Advisory Board) which will have the authority to restrict payments on certain medical procedures, which equals to rationing. 

 

Oh, and by Obamacare calculations, Obamacare will stave off Medicare bankruptcy by three years.  Oh, yeah, that helps....

 

So let's look at another plan, proposed by Congressman Paul Ryan.  He proposes that citizens over age 55 will continue to have traditional Medicare coverage.

 

If you are under 55, you will get money to purchase your own health care coverage.  You can choose what is best for you.  The free market system will help keep costs down and quality high.  Senior will have lots more choices!

 

Personally, I'm glad I'm under 55.