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Versailles to DISemployed: Drop dead!

And best of all, it's bipartisan!

I'd especially like to thank the "creative class" for this. They gave The Big O the cover he needed when it counted: In the 2008 primaries, and the HCR debacle! Well done, all.

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Submitted by jawbone on

buster!

And, start worrying now, recipients, as ObamaCare cut providers' reimbursement by half a trillion dollars over the next 10 years (or so?) -- and Baby Boomers aging into Medicare will raise the enrollment by 30% over the next 8-10 years. Crunch time?

Well, mostly the point of the segment is that Medicare is very, very costly and it will mess up the Federal budget. And we should all be very, very worried. What to do, what to do??

The point of the Julie Ravner segment* was that Medicare is already 12% of the Federal budget "all by itself" and over the next few years will, according to Douglas Holtz-Eikin, will be the major budget "problem."

Ravner says there are only two ways [Ms. Ravner, Ms. Ravner, over here! I know, I know! There's another way! Single payer!] to deal with this: Lower what's paid to providers, or make recipients pay more. Jeff Goldsmith says there is a "small ray of hope," that Baby Boomers are not as politically invested in Medicare as their parents are: They don't see themselves as old, so maybe they won't fight back. [Uh, he really thinks people don't notice their age and the correlation of becoming 65 and getting on Medicare???]

Bruce Vladic (sp?), head of Medicare under Bill Clinton, says asking retirees to pay more for Medicare will be difficult. What enrollees pay has already increased from 12% of income to 16%. He also noted, "The benefit package is crappy." Plus, making higher income retirees pay more is not really an option; the Boomers are not going to have as many high income retirees as did earlier generations since, as Vladic notes, they lost their retirement medical benefits, they lost their pensions, and they've lost equity in their homes.

[Oh, and they lost their cost of living increases to the Republicans' tax polices which moved most of the wealth to the top 1-5% of the population. But Vladic didnt' mention that.]

Near the end, Ravner notes that Obama's insurance reform and profit protection plan cut reimbursements to providers (the one half trillion dollars) and those monies are intended to provide assistance to pre-retirement people under ObamaCare.

No one can see any way of this predicament, she concludes. The sky will fall. The budget will break.

But Dean Baker can see a way to "fix" the problem. All the single payer advocates saw it. Obama took it off the freakin' table.