Medicare has a 74 trillion unfunded liability. Reducing that liablility will require an increase in taxes or a decrease in health care spending on persons age 65 or older. Which do you think is going to happen: an increase in taxes or a decrease in medical benefits for the most politically powerful voting block, i.e. senior citizens? Politicians will raise taxes on everyone before they will decrease benefits for the most reliable voters. The agreement to expand Medicare eligibility down to age 55 just made Medicare’s unfunded liability worse and therefore increases the chance that your taxes are going to go up.
“Already, we have been asking how you can treat a growing number of elderly with a Medicare program that this bill cuts by $500 billion dollars. Now, by adding tens of millions of people 55-64 to the program, it makes it even more financially untenable.”
- Dick Morris And Eileen McGann
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