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Medicare CPR | Michael D. Tanner | Cato Institute: Commentary: "Will it mean that in the future seniors will have to pay more of their own money or settle for a plan with fewer benefits, as Democrats have charged? Quite probably.
But here's the dirty little secret: That is going to happen with or without Ryan's plan. Even if you accept the Obama administration's most rosy scenario, Medicare is facing unfunded liabilities in excess of $45 trillion. More objective estimates suggest that Medicare's shortfall could top $89 trillion. Medicare simply cannot continue to pay all the benefits that it has promised."
"But rather than have the government impose rationing from the top down, he shifts those decisions to individuals."
Friday, April 15, 2011
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