Critical Condition

Medicare’s Bankruptcy: You Can Run, But You Can’t Hide

The Medicare Part B (outpatient) premium will increase by 15 percent next year, to $110.50 per month.  That’s double or triple what Drew Altman of the Kaiser Family Foundation anticipates for private plans.

And they want to lay a so-called “public option” on top of this teetering tower of unaccountable and uncontrolled spending?

Even worse, Kathleen Sebelius, U.S. Secretary of Health & Human Services, wants to “protect” seniors and plans to ask Congress to roll it back. Well, that can have only two results: More debt laid onto the backs of taxpayers, and/or more providers dropping out of Medicare, like the Mayo Clinic just announced some of its facilities in Arizona, Montana, and Nebraska are going to do.

The ruling faction shows no indication that it is interested in true health reform. Rather, it is simply using every trick in the book to hide the true costs of government control over Americans’ access to medical services.

— John R. Graham is director of Health Care Studies at the Pacific Research Institute.