many in Congress have been on a campaign to scare America's seniors into believing that Medicare is going bankrupt. They say Medicare must be privatized in order to save it. Once again, Medicare privatizers and their Mediscare campaign are wrong. The trustees of the Medicare Trust Fund have just reported that Medicare will remain solvent through 2015, up from its earlier projection of 2008. Those in Congress, the think tanks, and the Beltway pundits who want to privatize Medicare are wringing their hands over the trustees' latest report. They believe these new projections will lead Congress to do nothing towards reforming Social Security and Medicare. With the programs projected to last longer, we cannot rest on the our laurels, they say. The real threat to Medicare, however, is not its alleged pending bankruptcy. That is not true. The real threat is a proposal just rejected by the National Medicare Commission to privatize Medicare and deliver it to the private insurance market. Under a proposal soon to be introduced called premium support, Medicare would no longer pay directly for health care services. Instead, it would provide each senior with a voucher good for part of the premium for private coverage.
Editor's note · Context
Addressing concerns about Medicare's solvency and opposing its privatization.
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