Quote:
Originally Posted by dellinger63
We need to address the two biggest expenses, Social Security & (SSI) and Medicare/Medicaid. At the very least as average expectency of life goes up so should minimum retirement/benefit age.
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Social Security
does not contribute to the debt at all, and is solvent if left alone until 2030, when 78% of current rates are payable if nothing at all is done.
Medicare-Medicaid is doing well, it is proven far more efficient and cost-effective than private insurance for the same population, but needs some definitive tweeks. Perhaps we can allow the government to bargain for drug costs, and cut several billion a year over time. Changing duplicate pay policies saves some more. Obama already took 500 billion of waste out for the PPACA.
Oh - and Obama offered a raised Medicare age in the big deal benefits package, according to leaks to Sam Stein, which he published today. The GOP just turned that one down. Sorry. The GOP party of "we screw ourselves" continues.