Fantastic article exposing one of the major reasons medical bills are so high [Hint: Government regulation forcing insurance companies and doctors to price services based on arbitrary Medicare prices].
[PDF Archive of Time magazine article, since original is behind paywall]Read more »
If ever there was something that worked too well, the cigarette tax might be it. A new study published by the Congressional Budget Office shows that any additional money the state obtains by raising cigarette taxes will eventually be outweighed by the increased use of entitlement programs such as Medicare or Social Security. In other words, a healthier population lives longer and uses more of the government's money.Read more »
Federal law requires that reimbursement rates be adjusted annually based on a formula tied to the health of the economy. That law says rates should be cut every year to keep Medicare financially sound.Read more »
Adjusted for inflation: $755.00
Check link out for vintage receipt.
Mine cost around $7000. Prices have sure gone up since Medicare was created!
Medicare fraud has become very big business for gangs, members of the Mafia and other thugs. One estimate suggests that criminals steal some $60 billion from the federal government via health care fraud every year.Read more »
Government services will be cut at every level. Potholes will deepen, infra-structure problems will worsen, pension plans will become insolvent, school systems will declare bankruptcy, police and fire protection will be reduced, etc. etc. You will be "nickled and dimed" in terms of new fees and taxes. Public unions will strike, providing further disruption. But when there are no funds, there is nothing to gain.Read more »
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