Wednesday, March 15, 2017

Medicare is Not Broke!

When Paul Ryan says Obamacare (ACA) is in a death spiral what he means has nothing to do with the ACA's solvency, but that he and the GOP plan to kill it.
http://www.politico.com/…/paul-ryan-favorite-obamacare-talk…
Medicare is funded primarily from three sources: general revenues (41%), payroll taxes (38%), and beneficiary premiums (13%) (Figure 6). Part A is financed primarily through a 2.9% tax on earnings paid by employers and employees (1.45% each) (accounting for 87% of Part A revenue).Jul 24, 2015
http://kff.org/…/medicare-spending-and-financing-fact-sheet/
Medicare’s financing challenges would be much greater without the health reform law (the Affordable Care Act, or ACA), which substantially improved the program’s financial outlook.

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