When John F. Kennedy was President, just over a quarter of federal spending went to fund programs paying for some 21.7 million Americans to be dependent on Uncle Sam. But as high as that spending and dependence on the federal government was then, it has exploded today, with one in five Americans — more than 67.3 million — depending on Washington for assistance. The Heritage Foundation’s 2012 Index of Dependence on Government shows an alarming trend under the Obama Administration of a level of dependence on our government that has …
As budget season approaches, premium support is gaining traction as the only viable option to save Medicare. In a recent Politico article, House Minority Whip Steny Hoyer (D–MD) is quoted as saying liberals will use Obamacare’s new provisions to combat a conservative budget that reforms Medicare using premium support. Hoyer told reporters, “Yes, we need to make Medicare viable. We believe that the health care bill—and very frankly CBO (Congressional Budget Office) believes the health care bill will do something that Medicare very badly needs, and that is to constrain …
The Congressional Budget Office (CBO) released its Budget and Economic Outlook for years 2012 to 2022 yesterday, and as Heritage’s Patrick Knudsen shows, the numbers add up to a dismal fiscal future. As the government continues its fiscal irresponsibility, 2012 will be the fourth straight year of trillion-dollar deficits. This trend is on track to continue as a result of increasing federal spending on health care, which will more than double between 2012 and 2022. The CBO estimates that by 2022, the government will spend $1.8 trillion on health care, …
In this week’s Heritage in Focus, expert Bob Moffit discusses how Obamacare ends Medicare as we know it. Click here to listen. How does the health reform law break up traditional Medicare? What’s a better way to fix Medicare? And how much could we save by bringing free market reforms to it? Be sure to hear Dr. Moffit answer these questions and more!
Medicare patient Ann Lorenz has relied on the advice and recommendations of her neurologist, Dr. Jeffrey English, since she was first diagnosed with Parkinson’s disease 13 years ago. So the dramatic changes coming to Medicare via the Affordable Care Act—and its potential to limit seniors’ access to care as doctors foresee dropping Medicare patients—already worry Lorenz. “One of the first things you ask a new doctor is if they accept Medicare,” Lorenz, who lives in Atlanta, says in a new Impact of Obamacare video. “And we have always seemed to …
Dark clouds hover over the nation’s finances and threaten a perfect storm of massive debt and crushing taxation unless Congress starts acting—soon. Washington must demonstrate that it is serious about reining in ever-rising spending and reducing annual deficits. Passing commonsense reforms to our major entitlement programs (Medicare, Medicaid, and Social Security), the main drivers of future spending and annual deficits, is crucial. As the population ages and health care costs rise, spending on entitlements is projected to more than double by 2050, as this Heritage Budget Chart Book chart shows. …
Earlier this week in New Hampshire, Republican presidential candidates touted the benefits of a Medicare premium support system — the approach to entitlement reform embraced by House Budget Chairman Paul Ryan (R-WI) and The Heritage Foundation. Ryan’s recent partnership with Sen. Ron Wyden (D-OR) helped thrust the idea of premium support back into the national spotlight. Their bipartisan framework represented a breakthrough on Capitol Hill after liberals spent much of the year making false charges about Ryan’s plan. Given the misleading information about premium support, let’s first take a moment …
Medicare is in dire need of reform. This week’s chart illustrates why the entitlement program is the largest driver of long-term runaway deficits. With the country’s population aging and increasingly dependent on health care, Medicare’s cost to taxpayers is projected to rise from $522.8 billion in 2010 to $932 billion in 2020. The Heritage Foundation has long championed reforms for Medicare, most recently as part of Saving the American Dream. Heritage’s Bob Moffit recently outlined a two-stage approach to reform. The first step is saving the current program, then moving …
Politics is home to some pretty exaggerated accusations, and this year was no exception, particularly in the area of health care. Case in point: Democrats’ claim that “Republicans voted to end Medicare.” In fact, the assertion was so off the wall that PolitiFact.com named it “Lie of the Year 2011.” Democrats made the claim about House Budget Committee Chairman Paul Ryan’s (R-WI) FY 2012 “Path to Prosperity” budget, which included a proposal to provide premium support to Medicare enrollees, helping them to purchase a health care plan of their choice. …
Congressman Paul Ryan (R–WI) and Senator Ron Wyden (D–OR) have proposed a new bipartisan framework for structural Medicare reform. It continues the conversation with the American people on a solution to save the popular but financially troubled entitlement program. While there are differences between the proposal and the Heritage plan outlined in Saving the American Dream, and while their proposal does not go as far or as fast as it should in changing the massive entitlement program, it would establish a premium-support system of financing for Medicare, a variant of …
