“Senators Propose Raising Medicare Entrance Age to Cut Costs” reports: “Two U.S. senators known for having independent streaks are proposing to overhaul Medicare by raising the eligibility age by two years and requiring the wealthy to pay more out of pocket for care.
“Senators Tom Coburn, the conservative Oklahoma Republican known for objecting to legislation, and Joseph Lieberman, the Connecticut independent and former member of the Democratic caucus, introduced their proposal today. The government projects Medicare, the U.S. health insurance program for the elderly and disabled, will run out of funds to pay full benefits in 2024…”
WATCHDOG: Joe Lieberman “independent”? He’s the senator from Hartford, Connecticut, the insurance company capital of the country. Lieberman was responsible for eviscerating much of the benefits of the proposed Obama Care in exchange for his critical vote to override a Senate filibuster.
As the article goes on to point out: “The senators’ proposal would limit the scope of those policies, though insurers would now have a new market of people ages 65 and 66 years old to sell coverage.” The government portion of national health insurance which covers over 50% of the population has 2% administrative costs, as compared to over 15% to 20% for the private sector. So raising the age limit means less efficiency, but greater profits for Lieberman’s constituents.
No wonder our nation is spending over 5% more of our Gross National Product with mediocre results than any other advanced economy.
Growl!
