By Steven Rattner – Thanks to escalating health care costs and repeated sweetening of benefits without commensurate increases in revenues, Medicare was underfinanced by a staggering $37 trillion as of Sept. 30.
Under Washington’s delusional rules, budget crunchers in both the White House and Congress credit this $1 trillion twice: once in calculating that the care law will generate more revenues than costs, and again in concluding that the Obama plan will chip away at the Medicare problem. more> http://tinyurl.com/6s52hwx
- How The Banks Stole Medicare (baselinescenario.com)
- Medicare Payment “Cuts” In New White House Budget Don’t Cover the Cost of Medicare Payment Increases (reason.com)