Monday, May 16, 2011

Medicare Needs Surgery

That's the gist of this interview of Joseph Antos of the American Enterprise Institute.

Antos says that Medicare is already in the hole and is even in worse shape than generally believed. Obamacare has made things worse and unless there are serious real changes in Medicare we can expect the following:
  • Higher payroll and income taxes
  • Raised retirement age.
  • Cuts to benefits.

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