Saving Medicare (Update)

A few facts need to be acknowledged at the onset of this paper: The Medicare payroll tax of 1.45% paid by workers and matched by employers currently brings in about $200 billion per year to the federal government. The current yearly cost of Medicare to the federal government is approximately $600 billion per year1. The … Continue reading “Saving Medicare (Update)”

Saving Medicare

The Budget Control Act passed in August of 2011 stipulates that failure of the “supercommittee” and Congress to act on further future deficit reduction will trigger across-the-board cuts of $1.2 trillion dollars starting in 2013. Most Medicare spending would be reduced by 2 percent a year1. Regardless of how the 2 percent a year reduction … Continue reading “Saving Medicare”

National Health Care Deliberations

There are about 47 million people living in the United States who do not have health insurance1.   Many ask why the U. S. does not provide universal heath care when some other less wealthy industrialized countries do.  The answer can be found by examining a number of factors including national spending priorities, affordability, desirability, and … Continue reading “National Health Care Deliberations”