If you can, you know that the problem is more than just the
recent drug entitlement.
"Indeed, the emerging Medicare crisis is reflective of the larger
problem-failure by Congress to reform and restructure federal entitlement programs," writes Heritage Foundation health care
expert Robert Moffit in a recent online research paper.
Case in point: The U.S. debt is $7 trillion - or about $24,000 for
every man, woman and child in the country, according to Comptroller
General David Walker. But, Walker notes, this figure doesn't count
the unfunded promises Congress has made over the years through
entitlement programs. Last year's Medicare drug benefit alone added
$8 trillion in unfunded liability to the debt. When all such
unfunded promises are added up, the debt is $42 trillion or
$140,000 for every person in America. That means for a family of
four, the debt is $560,000 -
the cost of a nice house (or two) in some parts of the country. But
don't put out that "for sale" sign just yet. Moffit offers
solutions to help contain spending costs, at least for Medicare,
here:
http://www.heritage.org/Research/HealthCare/wm523.cfm
For more information or to receive an e-mail version of "Bitter
Pills," contact [email protected]
or call Heritage Media Services at (202) 675-1761.
"Bitter Pills" is an occasional, but regular, feature from The
Heritage Foundation on how the 2003 Medicare drug law is full of
sickening "surprises" that have serious consequences for seniors
and taxpayers. Of course, The Heritage Foundation isn't surprised
at all. We diagnosed the problems long ago in ourMedicare Maladies series.
Both Medicare Maladies and Bitter Pills are available on heritage.org (if you can stomach
them).