Medicare drifting towards disaster: U.S. official | Reuters
WASHINGTON (Reuters) – Medicare is lurching toward disaster and it is too late for the Bush Administration and Congress to do anything about it, U.S. Health and Human Services Secretary Michael Leavitt said on Tuesday.
He said the next administration will have to act to stop rising costs and get control of the $400 billion federal health insurance plan for the elderly, which now covers 44 million people.
“Higher and higher costs are being borne by fewer and fewer people. Sooner or later, this formula implodes,” Leavitt said in a speech to the right-leaning Heritage Foundation and American Enterprise Institute think-tanks.
“There is serious danger here,” he added. “Medicare is drifting towards disaster.”
This is very true, and it needs to be addressed. It would be much easier to address if we weren’t spending a couple billion a day blowing shit up, but that would never occur to Heritage or AEI, as they believe some war now and again is absolutely essential to their donors.
The funniest part is the partisan dig at the end.
“It troubles me that this matter is not receiving more attention in the presidential candidates’ discussions. The next president will have to deal with this in significant part,” he said.
Yea, I mean…no one is talking about health care at all as an issue…no one…no one at all…
BTW, those are the “health care” pages for the three Presidential possibilities.
One of the first things to do when in a hole is to stop digging. Stop digging now.
Robot Pirate Ninja 