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Medicare bankrupt

Posted: September 13, 2009 9:48 p.m.
Updated: September 14, 2009 4:55 a.m.
Why can't we "just give everyone Medicare," as some have proposed?

Hmmm ... maybe because, like Social Security, Medicare is a Ponzi scheme that only works until the money runs out. Just ask Bernie Madoff.

Medicare is not only bankrupt, but also extremely limited in whom and what it covers.

If Medicare were a private insurer, it would be illegal in many states for failing to cover hearing aids, podiatry, acupuncture, chiropractic care, marriage counseling, aromatherapy and gender reassignment surgery.

Moreover, Medicare payments aren't enough to pay the true cost of those medical services it does cover.

With Medicare undercutting payments to hospitals and doctors for patients 65 and older, what keeps the American medical system afloat are younger, private individuals who are not covered by Medicare paying full freight (and then some).

That's why you end up with a $10 aspirin on your hospital bill.

National health care will eliminate everything outside of Medicare, which is the only thing that allows Medicare to exist.


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