2020 Democrats are running on pitches for single payer socialized medicine, which they are misleadingly calling, “Medicare-for-All”, though they have no plant to pay for it.
Or to even pay for Medicare which is going to be insolvent in 7 years.
The financial condition of the government’s bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government’s overseers of Medicare and Social Security.
It paints a sobering picture of the programs, though it’s relatively unchanged from last year’s update. Social Security would become insolvent in 2035, one year later than previously estimated.
As an indication of Medicare’s woes, it would take a payroll tax increase of 0.91 percentage points to fully address its shortfall or a 19% cut in spending. Medicare’s problems are considered more difficult to solve, as health care costs regularly outpace inflation and economic growth.
But talking about how pay for Medicare is boring. Instead the push is on to supposedly extend a program about to run out of money to the entire country, including millions of illegal aliens, with no plan to pay for it.
Or to pay for Medicare.
And while the Democrats promise, “Medicare-for-All”, Medicare is about to become “Medicare-for-None”.