WEALTH AND MONEY PART XXVI: WHO IS BANKRUPTING AMERICA?

U.S. House Speaker Paul Ryan said: “Because of Obamacare, Medicare is going broke.” But the Medicare trustees themselves, along with a host of experts, say the Affordable Care Act’s changes to Medicare – including holding the line on spending and raising taxes [a surtax on high income earners] – actually puts Medicare in better shape than before the law was adopted. That’s a long way from making Medicare go broke. We rate Ryan’s statement Pants on Fire. - - Tom Kertscher, Milwaukee Journal Sentinel “Pants on Fire” has become standard operating proced...

Medicare and Medicaid Turn 50: Born from Compromise ~ Continuing in Controversy

Medicare and Medicaid Turn 50: Born from Compromise ~ Continuing in ControversyBy Senator Kathleen Vinehout“Whatever you do,” the elderly woman in Gilmanton told me a few years ago, “Keep your government-run hands off my Medicare.”Medicare and Medicaid turned 50 years old on July 30, 2015. After decades of political leaders grappling on the issue of health care, it was in 1965, that then President Lyndon Johnson signed Medicare and Medicaid into law.Today we take for granted what was a seminal political accomplishment. Medicare, a federally run program, provides ...