Saturday, December 05, 2009

‘Medicare Advantage’ at Issue in Senate

‘Medicare Advantage’ at Issue in Senate; The New York Times

As Senate debate over the major health care legislation resumes, the focus Friday will be on proposed reductions to Medicare Advantage, the privately administered plans that provide enhanced benefits but now typically cost the federal government more than traditional Medicare. ...

Republicans have called the long-term care proposal, known as the CLASS Act, a Ponzi scheme because it raises money in the short term but could face huge future liabilities. Even some Democrats agree with that assertion.
Comment: "Ponzi scheme" could be applied to much of what the US Government has been engaged in the last few years (hell for much of the 20th and 21st centuries); cap and trade, universal medical care, the endless war, welfare, foreign aid, and the banking bailout, to name just a few, all of which makes us poorer and the special interest richer.

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