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Health-care realities vs. free-market fantasies

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Richmond Shreve
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One loses track of all the things by the ACA's most ardent foes assured us would happen. On this occasion, however, it's worth looking at one claim uttered over and over, and which will be uttered over again.

The claim: that the ACA used Medicare as "its piggybank" -- that it took, stole, confiscated, filched, pilfered, over $700 billion from what was set aside to care for your grandparents and mine and to assure the future of the Medicare trust fund.

That claim not only is fallacious but doubly so. Most of the money in question is calculated savings on hospital reimbursements under Medicare, a crash diet, if you will, regarding overcharges that have been a national scandal. Not only do these savings mean less of an obligation for taxpayers, but as Factcheck.org explains, they significantly "prolong the life of the Medicare trust fund."
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At johnyoungcolumn.blogspot.com
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Richmond Shreve is a retired business executive whose careers began in electronics (USN) and broadcasting in the 1960s. Over the years he has maintained a hobby interest in amateur radio, and the audio-visual arts while working in sales and (more...)
 

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