March 29, 2015

HIGHER PREMIUMS ARE GOOD...:

Congress Does Something Useful (WSJ, March 27, 2015)

The other House victory was a 392-37 vote to put doctor payments under Medicare on a more honest budget path. Congress has typically raised these payments for only a year or two, which let it hide future liabilities. Then the Members would use the next year's must-pass "doc fix" as a vehicle to sneak other bad policies into law. Democrats used it as a carrot and stick to win the American Medical Association's support for ObamaCare.

In addition, the GOP persuaded Democrats to accept modest but meaningful reforms in Medicare that could save tens or even hundreds of billions of dollars over time. These include raising premiums for wealthier seniors and better incentives for first-dollar Medicare supplemental insurance. 


...but the key, as we transition to a defined contribution welfare net, is means-testing, which will disqualify all of us from defined benefits.

Posted by at March 29, 2015 7:29 AM
  

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