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(AP)   Day of Reckoning 1arrives as Medicare system begins spending more than it takes in this year, will be broke by 2019   ( divider line
    More: Scary  
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6369 clicks; posted to Main » on 23 Mar 2004 at 2:45 PM (13 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

170 Comments     (+0 »)

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2004-03-23 01:46:19 PM  
I think we had this discussion yesterday...the subject was the other wildly successful government program know as Social Security. And for my dear frien BooBoo23 I will admit that this program actually exists on paper and it does have a name...other than that....
2004-03-23 02:45:09 PM  
good thing i'm not relying on it. personal responsibility to surrender in 2019.

on the other hand i do remember that there were crazies saying it would be broke by 2004 in 1989 so what me worry?
2004-03-23 02:48:05 PM  
What's the big deal? The goverment makes the money. If they find themselve short, they can just print more.

2004-03-23 02:48:28 PM  
Well you know I've gotten used to the idea of working until I'm 96 or so...Husband says he'll start living off me at about 80, so it's all good.
2004-03-23 02:48:33 PM  
White House spokesman Trent Duffy said the rising cost of health care and not the prescription drug program is causing Medicare costs to swell. "It's health care costs over 70 percent," he said. "Not prescription drugs."

Yeah, that new $500+ billion hit has no effect on the solvency of the program.
2004-03-23 02:48:44 PM  
Fine by me... now the 99% who don't need it will have something else to biatch about.

This, of course, will lead to more allowance for foodstamps, I'm sure.
2004-03-23 02:49:37 PM  

you do realize you pay for this program right?
2004-03-23 02:50:03 PM  
lets not forget that democrats are the ones that formed medicare in 1965.
2004-03-23 02:50:10 PM  
Surely, the solution is to cut taxes.

Cutting taxes solves everything.

/george w. bush is a big, fat idiot. Well, not fat. Just a plain old big idiot.
2004-03-23 02:50:15 PM  
***Off topic*** Attention non-TFers: enough of the submissions of the kid bringing pot to kindergarden already!
2004-03-23 02:50:40 PM  
Let me know when we can start choosing how our SS and Medicare beninfits are invested. Until then I see no hope.
2004-03-23 02:50:50 PM  
Since you are already paying more than free healthcare would cost for everyone in America, why not have free health care for everyone in America?
2004-03-23 02:52:05 PM  
No shiat, NutznGum. No shiat.
2004-03-23 02:52:20 PM  

Umm, yeah, they did create a program that let elderly and disabled people get the help that they needed. Thank you for clearing that up.
2004-03-23 02:52:32 PM  
Thanks, D_I_A, for the acknowledgement.

...the government's own projections are that private managed care plans will cost taxpayers more than traditional Medicare for the foreseeable future.

2004-03-23 02:53:37 PM  
hannahman and you see how must that is costing us today to provide them with the benefits they require.
2004-03-23 02:54:06 PM  
perhaps the vast research efforts at places like NIH should pull back from financing research into bold new cures, and start research into making current cures far cheaper.

our public funding of medical research that just ends up as a new expensive therapy for the private health indistry is just massive corporate welfare.

the FDA fastr-tracking drugs is just another part of the problem.
2004-03-23 02:55:02 PM  
the solution to medicare is privitization, get people to stop depending on the government for their every need.
2004-03-23 02:56:06 PM  
I was dreamin' when I wrote this,
Forgive me if it goes astray;

But when I woke up this mornin'
Coulda sworn it was St. Patrick's Day.

The Fark board was all purple,
There were people flamin' everywhere;

Tryin' 2 keep out of the discussion,
U know I didn't even care;

'Cuz they say two thousand zero nineteen Medicare over;
Oops out of time;
So tonight I'm gonna party like it's 1999.
2004-03-23 02:56:28 PM  
Yeah, that new $500+ billion hit has no effect on the solvency of the program.

Geezus cripes ... people will apparently do anything to avoid harsh reality. Health care costs (yes, prescriptions and all) + glut of folk drawing benefits = relative crisis we've known was coming for ages. It's something we've always known we'd have to find a way to deal with, so please don't turn this into some lame BushNazi thing.

/or am I expected too much to hope that even 1% of Fark discourse might actually be reasoned?
2004-03-23 02:56:33 PM  

Yeah, but as the article pointed out, the government projects that those private plans will be more expensive than Medicare for years to come.
2004-03-23 02:56:39 PM  
The solution to medicare is socialization. Take profits out fo the system and make health care universal.
2004-03-23 02:57:00 PM  
Many of you fail to realize that the big pharmaceutical companies need the additional funds the prescription drug benefit provides to ensure the high level of profits their stockholders have come to expect. God forbid President Bush would ever do anything to alienate some of his wealthiest contributors...
2004-03-23 02:57:02 PM  
How can you people not see that it's all Clinton's fault?

Why, oh why, do you hate America?
2004-03-23 02:57:08 PM  

yes, privatization works in every instance.

you'll notice many insurance companies have large buildings in large cities. that shiat don't pay for itself.
2004-03-23 02:58:05 PM  

the solution to medicare is privitization, get people to stop depending on the government for their every need.

You know yopu are already paying more than most countries with free healthcare and your system is almost completely private. Seems to me you could give everyone free healthcare and SAVE money.
2004-03-23 02:58:20 PM  
GIS for Medicare
[image from too old to be available]
I think I've proved my point.
2004-03-23 02:58:39 PM  
All I gotta say is that I'm glad to live in Canada.

/Socialist Paradice
2004-03-23 02:58:42 PM  
Just like SS, the system worked really well for a long time. Both parties have since failed at keeping these systems running properly but no one can deny that they worked exceedingly well in the beginning.

Now, part of the problem is that people wrongly assumed that the children of the baby boomers would have just as many kids. That, of course, didn't pan out so we have the aging baby boomers presenting a huge challenge for the younger generations.

Of course, the current administration thinks that wire-tapping your phone and preventing gay marriages is more important that fixing SS and Medicare. And, you'll recall, it was a campaign promise in 2000.
2004-03-23 02:58:56 PM  
what amazes me is that no one saya a thing about the fact that congress isn't covered by social security. they have their own separate plan that is hugely solvent. no wonder congress isn't doing anything to save the rest of us. they retire rich, we pay for it and end up with nothing in the end.
2004-03-23 02:59:06 PM  
supichoo personal responsibility to surrender in 2019.

Personal responsibility surrendered and was killed anyway a long time ago.
2004-03-23 02:59:18 PM  

The Prescription Drug bill introduced a new $500+ billion cost to the Medicare system without also introducing corresponding reductions in the program or new revenue sources to pay for it.

Why is it hard to accept that this new unfunded expense is part of the reason that the insolvency date has moved from 2026 to 2019?
2004-03-23 02:59:25 PM  
I'm just glad that people who dont feel like working or are addicted to smack can get a check from social security. Even though they have never worked a day in their lives.

That is where the problem is...people should only get what they paid in. Simple. If you dont pay in, you dont get a check. If you dont like, you should have saved or paid more in.

America is becoming a welfare state with Medicare/Social Security/Medicaid being the main problem.
2004-03-23 02:59:35 PM  
Social Security finances showed little change, and its projected insolvency date remained 2042.

So that means the year I turn 68, it'll all dry up. All the hundreds of thousands of dollars I've put in never to be seen again.

PRIVATIZE SOCIAL SECURITY NOW, DAMMIT! I will vote for anyone who wipes quits using this pyramid scam as an excuse to reaching into my farking pockets.
2004-03-23 03:01:50 PM  
Whelp, time to start killing the old folks.
2004-03-23 03:01:52 PM  
Since I'm not eligible for Medicare or SS until 2046, how's about I don't pay for it since it'll be gone by 2024? Fair is fair.
2004-03-23 03:02:04 PM  
The problem with privatization is that both parties are so far into the pockets of either lawyers, pharmaceutical companies, and others that the regulations required to keep prices fair (like with, say, prescription drugs and malpractice insurance) will never be passed and it is Joe Average who will be taking it in the ass.

Canada doesn't have a perfect healthcare system by any means and I do not wish to portray it as such. However, check the prescription drug prices up there. That is what they should be here. If they can make a profit selling drugs at that price to a smaller number of people in Canada, they can make a profit by selling drugs at the same price to ten times as many people.
2004-03-23 03:02:10 PM  
No, the solution to our nation's medical issues is to make health insurance mandatory. Just like car insurance is for drivers. Once everyone *has* to have it, the costs will come down. Vast multitudes of plans would be available, allowing consumers to custom fit plans far better than they can now. And employers would be able to contribute to total coverage as an additional benefit, allowing gainfully employed people to enjoy better protections. Minimum protection would be mandatory, and government regulations would strictly control what various companies could charge for that "bare-bones" minimum (catastrophic emergency room, immunizations, etc.). Everybody companies get lots more customers, customers enjoy better rates, plans become more custom-fitting and, most importantly, portable from one job to the next.
2004-03-23 03:02:44 PM  
how does soemone sho doesn't work manage to collect from Social Security ? I thought you benefits WERE tied to what you put in ? can someone give a definitive answer ?
2004-03-23 03:03:39 PM  
Universal healthcare would be prohibitively costly to implement at this point in the USA. Canada converted fully in the 60's, back when the industry was worth much less. That boat has sailed - the best America can do now is try to lower administration costs.
2004-03-23 03:03:47 PM  
This was my favorite line from the CNN version of this article:​l

Democratic aides on Capitol Hill provided a mock timeline Monday that showed how the future colonization of Mars could bring with it new, greenish taxpayers who would alter the long-range projections.

I know I brought this up before, but you don't understand government waste. We are taxed as a nation ~1 trillion dollars for welfare, medicare, medicaid and SS. If you doled that out (just cutting them checks) to each person under the poverty line (those who need SS, medicare, medicaid, welfare) you'd have 30,000 a year for each and every man woman and child. That's enough to pay for health insurance and a hell of a lot more.

If you average it out for households on medicare, medicaid, SS and welfare it's even more money.

So the question is, where does all the money go? Well? How is the government wasting all that money when if they just HANDED it to poor people, it would END poverty? and give them enough money to buy PRIVATE health insurance?
2004-03-23 03:04:03 PM  
The problem with Social Security is that you get issued a Social Security Number. Don't you all know that this is clearly the Mark of the Beast?!!
2004-03-23 03:04:32 PM  
And the funny thing about SS is that the money you put in actually earns negative interest after you account for inflation. So even putting the same amount of money into a checking account would end up with you having significantly more money by the end.
2004-03-23 03:04:36 PM  
I wonder how much of a critical mass we'd have to hit in this country before people simply started refusing to pay SS and Medicare taxes? They could jail several hundred thousand of us, but they couldn't jail millions.

Now that's my kind of revolt.
2004-03-23 03:04:51 PM  
Only people too lazy to work can't afford medical coverage, so cancel Medicare entirely.

/conservatives' advocate
2004-03-23 03:05:52 PM  
...and there was much rejoicing

2004-03-23 03:05:57 PM  
The USA has medicare?

Who knew?
2004-03-23 03:06:57 PM  
how does bank interest beat inflation ?

I would imagine that SS ROI would depend on how long you managed to live. How does one arrive at "negative interest"
2004-03-23 03:07:17 PM  
Healthcare reform:

Restrict what can be treated under Medicare, so some things like "tennis elbow" would have to be treated by private insurance.

If we treat every "illness", considering the fact that we medicalize more and more "illnesses" such as impotence and menopause, medical inflation will grow way too fast.
2004-03-23 03:07:55 PM  
how does soemone sho doesn't work manage to collect from Social Security ? I thought you benefits WERE tied to what you put in ? can someone give a definitive answer ?

If you break your hand becuase your meth lab explodes, you now have a "disability" and social security will cut you a check for life. If benefits were tied to how much you put in, there would never be a shortfall. But they arent, Baby Boomers just keep looting social security and leaving an I.O.U with my generations name listed as the payee.
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