This is my second case against GOV run helath care. Read this statistic and then go to link and read the crazy way the GOV runs medicare. INSANE!!!!!
Richard W. Fisher, President of the Federal Reserve Bank of Dallas has remarked that in order to "cover the unfunded liability" for the Medicare program today over an infinite time horizon, "you would be stuck with an $85.6 trillion bill" which is "more than six times the annual output of the entire U.S. economy", and noted that "Medicare was a pay-as-you-go program from the very beginning."[43]
The present value of unfunded obligations under all parts of Medicare during FY 2007 over a 75-year forecast horizon is approximately $34.0 trillion. In other words, this amount would have to be set aside today such that the principal and interest would cover the shortfall over the next 75 years.[44]
http://en.wikipedia.org/wiki/Medicare_(United_States)#Out-of-pocket_costs
Thursday, October 22, 2009
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