Recent hearings in both the House Energy and Commerce Subcommittee on Oversight and Investigation and the Senate Finance Committee took a closer look at fraud within Medicare and Medicaid. Spending on Medicare and Medicaid is on an unsustainable path due to rising health care costs and an aging population. Meanwhile, …
If lawmakers are serious about tackling out-of-control government spending, they have no choice but to tackle entitlements. Medicare, Medicaid, and Social Security are the three largest entitlement programs and together represent 40.2 percent of the President’s fiscal year (FY) 2012 budget. For the sake of comparison, total spending on national …
Medicare and Social Security are important retirement security programs for millions of Americans. But they are ticking time bombs with trillions in future unfunded obligations that will bankrupt America if they are not changed. Though awareness of this critical situation continues to grow, Americans remain reluctant to support reform, understandably …
Uncle Sam is spending you into the poorhouse. Taxes, inflation, unemployment, interest rates – all could skyrocket if Washington keeps spending trillions of dollars it doesn’t have. Unless we begin to cut spending now (a lot of spending) these four horsemen of debt will ride roughshod over families and businesses …
President Obama has received praise for including a two-year Medicare “doc fix” in his FY 2012 budget proposal, but hold the applause. Every year, physician reimbursement for treating Medicare patients is scheduled to decrease according to the “sustainable growth rate” formula. This complex and unworkable policy is intended to create …
Last week served up another dose of reality for Obamacare supporters. In addition to House committee hearings that exposed the negative effects of the new law, the Congressional Budget Office (CBO) released its new 10-year baseline, which unveils the “daunting economic and budgetary challenges” facing the United States. In 2011, …
Any time Congress creates a health care entitlement, it “crowds out” (i.e., displaces) private coverage, replacing private sector spending with increased taxpayer spending. The end result: Private spending and coverage contract while government entitlements, dependency, and spending grow. Since the enactment of the Medicare Modernization Act of 2003, many conservatives …
Health economists and policy analysts have long known that Medicare spends much more, per patient, in some parts of the country than in others. In fact, the primary project of a large research group at Dartmouth is devoted to analyzing the geographic patters in Medicare spending. Last year, Atul Gawande …
The Patient Protection and Affordable Care Act (aka Obamacare) will impact every corner of the health care system, especially Medicare. Unfortunately, the new law speeds the program’s travel in the wrong direction by building upon existing problems and creating new ones. There’s a better way to restore Medicare, as Heritage’s …
