By Mario Rizzo
If anyone doubts that this Administration and the Democrats in Congress live in bizarre fantasy world he should take a look at what is happening with the funding of Medicare.
Premiums are scheduled to “rise” by 15%. Most people will not have to pay because their increases are limited by their Social Security raises which are zero this year (aside from the $250 lump-sum political payment to the elderly that Obama is contemplating).
The “wealthy” would have to pay and Medicaid will pay on behalf of its beneficiaries. Under the reasoning that the federal government does not want to increases expenses for state programs (the cost of Medicaid is shared by state and federal governments) they are proposing canceling the largely notional increase altogether.
Those who would have had to pay out-of-pocket are the wealthy on Medicare.
The significance of all this is the Obama Administration cannot bring itself to finance Medicare in the way the law currently specifies. And we are to believe that they will adequately finance the new healthcare scheme. So much for deficit neutrality?
I confess that I have been naïve over the years in thinking that the stupidities I have seen the media and the general public accept from the U.S. government could not get any greater than they have been. But I fear I was wrong. There seems to be no upper limit.