The Coming Medicare Calamity

Featured image The Medicare Trustees released their annual report yesterday. Today, at a conference hosted by the American Enterprise Institute, Medicare’s chief actuary, Richard Foster, summarized the Trustees’ report. The picture isn’t pretty. The report projects that the Medical Hospital Insurance trust fund will run out of assets in 2024. But, as Foster explained, even this dire projection is almost certainly too optimistic. That’s because the projections are based on changes to »

Do You Want to Save Medicare?

Featured image I don’t, actually. I think Medicare was Congress’s great blunder of the 20th century. I think the program will continue bleeding money until it bankrupts the United States of America and destroys our economy, in roughly 15 years. And it will be popular right up to the end, as long as people perceive that they are getting something for nothing, or–same thing–a lot for very little. So in my view, »