Medicare's Cruel Paradox: It Is A Costly Subsidy For Seniors, But They Can't Live Without It - News Summed Up

Medicare's Cruel Paradox: It Is A Costly Subsidy For Seniors, But They Can't Live Without It


1) Medicare will impose huge burdens on future taxpayers by providing trillions of dollars in government-funded health care to older adults. 2) Many seniors face massive, unaffordable out-of-pocket health costs in old age, even with that government assistance. Yet, most Democrats see Medicare through the second lens—as a generous but insufficient source of assistance for much needed health care in old age. And in 2027, Medicare will be nearly as costly as Social Security, the most expensive government program. Now look at it the other way: Even with that assistance, older adults still face enormous health-related bills.


Source: Forbes February 22, 2017 17:48 UTC



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