Quick quiz: Who said this about Medicare? “With an aging population and rising health care costs, we are spending too fast to sustain the program. And if we don’t gradually reform the system while protecting current beneficiaries, it won’t be there when future retirees need it. We have to reform Medicare to strengthen it.”
It wasn’t Representative Paul Ryan (R-WI), Mitt Romney’s new running mate, who has been vocal about the need for Medicare reform. It was President Barack Obama, just last year.
As the debate reignites over the government’s health care plan for seniors, which has a long-term unfunded liability of nearly $37 trillion, two things are important to remember:
The Medicare debate is no longer a fight for Grannie to keep her Medicare stipend and see her doctor of choice or any doctor at all. It no longer is a debate on the entitlement attitude of “paying in for life to receive your just due” mentality. The game is really over for the Gen. X’s and whoever is standing in line next and paying into Medicare with each paycheck. Without reform every two weeks when you get that paycheck your employer is really deducting something you have worked hard for and dumping it down a rat hole.
The over 55 set will see some benefit but for you, without meaning Medicare reform, the game is really over. – DSMW