Medicare's bloated budget must be reduced.
USA Today Magazine › Vol. 124 Nbr. 2608, January 1996
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Summary
There are several trends that justify substantial cuts in the growth rate of Medicare. There is about 20% of waste in the health care delivery system, and expansion of managed care into the private sector has pushed down health care inflation rates to below double digits.
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Medicare's bloated budget must be reduced.
Billions of dollars wasted on an inefficient health care system takes money that could be used by taxpayers for food, clothing, shelter, and educating their children.
In attempting to balance the Federal budget, health care is a vital focal point, as evidenced by the November, 1995, standoff between Congress and the Clinton Administration. The Senate's budget proposal would reduce projected spending by $961,000,000,000 in seven years, with $256,000,000,000 coming from Medicare and another $202,000,000,000 from Medicaid and other health-related programs, representing 47% of the total cuts. The House budget seeks an additional $26,000,000,000 from Medicare and slightly less from Medicaid. Even using these parameters, increases wou...See the full content of this document
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