President Donald Trump on several occasions has taken credit for making Medicare “stronger.” In one instance, he said, “Medicare will be $700 billion stronger over the next decade thanks to our growth.” In fact, Medicare’s finances have worsened since he took office, and economic growth is not expected to help the program as much as he claims: The latest Medicare trustees report says the Medicare Part A trust fund, which covers payments to hospitals, will run out of money by 2026, three years earlier than projected just last year. That’s partly because the tax cut law that Trump signed last year will reduce Medicare revenues and increase expenses. Medicare remains on an unsustainable path. The annual cost for all four parts of Medicare — including physician payments and prescription drugs — is expected to more than double from $710 billion in 2017 to $1.44 trillion in 2027, and general revenues will increase as a share of Medicare … [Read more...] about Fact Check: Trump’s Fuzzy Medicare Math
David Weigel, The Washington Post Published 8:12 am PDT, Tuesday, September 18, 2018 The latest message for swing-district Republicans is reminiscent of a Tea Party-era rallying cry: "Get your government hands off my Medicare." The latest campaign ad from Rep. Dave Brat, R-Va., accuses challenger Abigail Spanberger of favoring a "health care plan that would bankrupt Medicare as we know it." A spot from Rep. Andy Barr, R-Ky., says challenger Amy McGrath wants to "end Medicare as we know it." An ad from Rep. Bruce Poliquin, R-Maine, warns that his challenger, Jared Golden, "will end Medicare as we know it" - sounds familiar - and will "alter Medicare while its future is in doubt." Each ad is talking about "Medicare for All," the idea of turning an insurance program designed for the elderly into universal health insurance that's most regularly associated with a bill from Sen. Bernie Sanders, I-Vt. It's costly, in the trillions of dollars, in part because it would not … [Read more...] about Republicans want to run on Medicare. Democrats say bring it on.
Christopher Snowbeck of the Star Tribune writes, “Anxiety, frustration and hints of exasperation are all in the mix as more than a quarter-million Minnesota seniors face the prospect of selecting new Medicare health plans in the coming months. An estimated 320,000 Minnesotans with Medicare Cost health plans must switch to a new policy because a federal law is eliminating the coverage next year across much of the state.” At KMSP-TV Christina Palladino tells us, “It’s an end of an era for ham radio enthusiasts as the only store in Minnesota closes in the next few weeks. Radio City in Mounds View has been in business for 36 years, serving generations of loyalists and newcomers to the ham radio community. … The owners say they’re looking to close Radio City by the end of the year or perhaps sooner. They said some of their most loyal customers are possibly interested in keeping this store going, but at this point the owners are looking forward to … [Read more...] about 320,000 Minnesotans must switch Medicare health plans
close Video Alexandria Ocasio-Cortez Rallies Kids in New York to Kick Out President Trump Democratic socialist Alexandria Ocasio-Cortez on Sunday suggested that adopting universal Medicare would actually boost the economy and put more money in Americans' pockets, despite studies putting the cost of such a venture at tens of trillions of dollars. Her comments came days after far-left progressives suffered a series of losses in major races in New York, where Gov. Andrew Cuomo soundly defeated upstart "resistance" candidate Cynthia Nixon. Despite having Ocasio-Cortez's endorsement, Nixon lost in Ocasio-Cortez's district by thirty percentage points. "One of the things that we need to realize when we look at something like 'Medicare for all -- 'Medicare for all' would save the American people a very large amount of money," Ocasio-Cortez told CNN's "State of the Union." The New York Democratic congressional nominee continued: "What we see as well is that these systems are not … [Read more...] about Ocasio-Cortez: ‘Medicare for all’ would save ‘very large amount of money,’ despite studies showing $30T cost
While trying to defend his accomplishments against the allegations in Bob Woodward's new book, President Donald Trump claimed he's doing some things he's not."Democrats want to destroy Medicare," the president said during a meeting with the emir of Kuwait. "You look at what they're doing, they're gonna destroy Medicare. And we will save it. We will keep it going. We're making it stronger. We're making Social Security stronger."Nope. They're not. In fact, last year's tax cuts, which the Trump administration championed, resulted in faster insolvency for both Medicare and Social Security. The money feeding Medicare's core program will run out three years sooner than what was forecast last year. At least one year of that loss is due to the tax cuts.And the forecast for insolvency on Social Security's widely-used retirement program shortened by a year, too. That was due, at least in part, to the tax cuts.Social Security's smaller disability program is now expected to have … [Read more...] about Trump Says He’s Strengthening Medicare And Social Security. He’s Not