By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    migraine home remedies and-devices
    The Best Home Remedies for Migraines
    June 5, 2025
    learn to recognize and treat yeast infections
    Most Commonly Asked Questions About Yeast Infections
    November 17, 2021
    Advanced lung cancer diagnosis systems used by doctors
    Advanced Lung Cancer Diagnosis Systems Used by Doctors
    March 6, 2022
    Latest News
    5 Steps to a Promising Career as a Healthcare Administrator
    July 31, 2025
    Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
    July 20, 2025
    How Probate Planning Shapes the Future of Your Estate and Family Care
    July 17, 2025
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Image
    Boomer Voice
    June 12, 2013
    The Anatomy of Health Insurance [Infographic]
    April 19, 2012
    Patient Commando Features Canadian Women Changing Healthcare
    August 23, 2013
    Latest News
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
    How Health Choices and Legal Actions Intersect After an Injury
    July 17, 2025
    How communities and healthcare providers can address slip and fall injuries with legal awareness
    July 17, 2025
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Medicare Is Lousy Insurance
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Medicare Is Lousy Insurance
BusinessPolicy & Law

Medicare Is Lousy Insurance

JohnCGoodman
JohnCGoodman
Share
4 Min Read
SHARE

The House budget proposal is serving as the latest piñata for Democrats who always use the exact same cudgel — “Extremist Republicans are threatening to throw America’s elderly into the streets!”

This, after these exact same Democrats cut half-a-trillion from Medicare to subsidize ObamaCare.

How do they get away with it?

The House budget proposal is serving as the latest piñata for Democrats who always use the exact same cudgel — “Extremist Republicans are threatening to throw America’s elderly into the streets!”

More Read

The Meaning and Depth of the Primary Care Crisis
About Time: Health Care Firms Send Jobs Overseas
NFL Commissioner Agrees To ’60 Minutes’ Interview About Concussions
Alzheimer’s Report Addresses Action Steps for National Alzheimer’s Plan
California Medical Board Under Fire For Failure to Discipline Doctors

This, after these exact same Democrats cut half-a-trillion from Medicare to subsidize ObamaCare.

How do they get away with it?

Partly because Republicans have failed to tell the truth about Medicare for decades. They have enabled the Democrats to create this sacred cow because they either: (1) don’t know enough about it to articulate a different view, (2) don’t care enough about health care in general to become better informed, or (3) are so timid that they are afraid the speaking the truth will get them in trouble with the electorate.

Now their ignorance and/or timidity has come back to haunt them. Most of the elderly hold on to Medicare for dear life because there is nothing else available and they have no basis for comparison.

But the fact is that Medicare is a lousy insurance program. It would be impossible to sell a benefit structure like this on the private market.

Continue Reading [hot link to rest of post below]

California Health Advocates has published a handy dandy little table laying out the premiums, deductibles and coinsurance for Parts A and B. It would be interesting to put the table in front of some of the know-it-all health policy wonks in Washington and quiz them on it after they have studied it for fifteen minutes. I’m guessing not one in five would pass such an exam.

While ObamaCare made a big deal about out-of-pocket costs in private coverage, Medicare has absolutely no limit on out-of-pocket spending. None.

As a consequence, people on Medicare pay an enormous portion of their incomes on health care. The Kaiser Family Foundation finds that the average household on Medicare spends 14.9% of its income on health care, while the average non-Medicare family spends just 4.8%. These are averages, and the lowest income Medicare families are also eligible for Medicaid. If we leave out the Medicaid portion of the population, the average Medicare household actually spends 16.6% of its income.

Because of the coverage gaps in Parts A and B of Medicare, most seniors also obtain MediGap insurance (either directly or through an employer) and even then they don’t have the drug coverage that most nonseniors have. So enter Medicare Part D — a third plan which requires yet another premium. The typical senior, then, is paying three premiums to three plans. Each one has a different premium arrangement, different deductibles and coinsurance, and different coverage limitations.

So, in addition to being massively underfunded, Medicare is also vastly complicated and enormously expensive to consumers.

It is also rife with corruption, as the Medicare bureaucracy refuses to spend the money to make sure it pays only legitimate claims to legitimate providers for legitimate services. It prefers to round up a handful of crooks every five years or so and charge them with fraud rather than perform normal due diligence when paying claims.

It is a monstrous program. Republicans should be proud to offer the nation’s seniors something better.

   

TAGGED:health care businesshealth care policyinsuranceMedicare
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

5 Steps to a Promising Career as a Healthcare Administrator
5 Steps to a Promising Career as a Healthcare Administrator
Health
July 31, 2025
holistic dental
Holistic Dentist Services Are Natural and Safe
Dental health Specialties
July 28, 2025
botox certification
Help Improve People’s Skin Health Via Botox Certification
Skin Specialties
July 22, 2025
Telemedicine Apps
Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
Health
July 20, 2025

You Might also Like

Tooth Decay Marielaina Perrone DDS
Medical EducationWellness

Is Your Child’s Education Affected By Tooth Decay?

December 13, 2012
Health carePolicy & Law

HIPAA Compliance: What Is It, Why Is It Important, And How To Simplify It?

July 23, 2020
Public Health

Exercise, Diabetes, Cancer and Autophagy: A Fascinating Connection

March 28, 2012
biopharma beat
DiagnosticsHome HealthMedical InnovationsMobile HealthPolicy & LawPublic HealthSocial Media

Biopharma Beat: Patient Engagement Throughout the Drug Development Lifecycle

April 9, 2015
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?