Originally Posted by HonestChieffan
ACA will make medicare look like a stepchild. Low sign ups will drive young peoples costs through the roof. Administration costs cant even be calculated on the failed roll out and taxpayers will be bailing out insurance companies like never before seen. You are right medicare is in trouble. But ACA is way bigger
In reality, of course, the ACA is a drop in the bucket compared to Medicare which is overwhelmingly responsible for our overspending and debt problems. That doesn't mean the ACA spending shouldn't also be cut significantly, it definitely should, but Medicare is a much, much bigger problem.
As for who will bear the brunt of Medicare cuts, obviously most will be borne by the people who are dependent on this federal program for their health care. Ideally it would be 100%, of course, but because of the structure of our hospital industry and their reliance on the program, a share of the costs will also be borne by firms in the health industry and non-Medicare consumers. That's fine. What matters most is they will be not be borne by taxpayers and endless deficits unless culture warriors like HCF have their way and keep the gravy train running.