Name:   phil - Subject:   Single Payer for Phillsieeeeee Date:   2/8/2017 5:51:50 PM (updated 2/8/2017 5:58:08 PM)

http://dailysignal.com/2016/08/01/medicares-next-50-years-fix-the-problems-and-improve-the-program/

Medicare is big, costly, and complex. Its major problems have been persistent: burdensome and sluggish bureaucracy, big gaps in coverage, problems securing quality care, inefficient pricing of medical services, absurd restrictions on the personal freedom of patients, subversion of the professional independence of doctors, and disgraceful levels of waste, fraud, and abuse amounting to tens of billions of dollars annually.

Largely because of the miracles of modern medicine, seniors also are living much longer than they did in 1965, when Medicare was created. While this is indisputably great news, it also means that today’s taxpayers—who finance nearly all of Medicare’s benefits for today’s retirees—are going to be carrying an even bigger burden tomorrow.

How heavy? Consider the Medicare Trustees’ “medium range” estimates for the short term. In 2015, Medicare spent $648 billion. But by 2025, that spending will jump to almost $1.3 trillion.

America, with an annual economic growth rate of 2 percent, is not going to “grow” out of its entitlement crisis. Over the next 10 years, Medicare spending will outpace the growth in the general economy (as measured by gross domestic product, or GDP) and the federal budget. It also will surpass the growth of America’s total health spending or spending on private health insurance.

I know there are some big words in there so dont hurt yourself