Paul Krugman: Medicare Spending Is Down Sharply

Since the mainstream media is mum, and even liberal MSNBC is mostly silent, I thought I’d share a little tidbit about health care spending. Over the last few years, overall health care spending has slowed dramatically, and now we find out Medicare is spending $1,000 less per beneficiary than originally projected by the Congressional Budget Office (CBO). Paul Krugman says this is a really big deal (and it would seem so based on that statistic alone), and he calls it the Medicare Miracle.

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America Spends Billions On Police State, Ignores The Real Security Issue

Because of the NSA leaks by Edward Snowden, not only are we fully aware of the violations to our civil liberties, we also know our tax dollars are being used against us, in the name of national security. There’s a lot of money being spent on a shiny new police state, and what is it buying us? — Less freedom. Less liberty. That’s not a very good bargain.

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The Public Is Obtuse On Medicare Spending, While Conservative ‘Leaders’ Bank On This Ignorance

There are conservatives who believe government is incapable of doing anything meaningful. They believe the only true purpose of government is national security. And these conservatives believe programs like Medicare are saddled with massive fraud and waste. And there are conservatives who are on Medicare that hold these beliefs while gobbling up more Medicare services than they paid for. But because they are conservatives, that means they abhor welfare, and would never be caught getting a free handout. And they believe this of themselves because they are ignorant to the fact that Medicare pays $3 in benefits for every $1 it takes in.

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Department of Homeland Security: It’s Time To Unwind The Anti-Terrorism Apparatus

I’ve contemplated writing an article which asks the question, do we need the Department of Homeland Security (DHS)? It rose to the forefront last week when Secretary of Homeland Security Janet Napolitano announced she was resigning. Then today I see Charles Kenny at Businessweek wrote (“The Case for Abolishing the DHS“), which as you might imagine grabbed my attention.

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Chart: Medicare Insolvency Projections 1980 to 2013

Every year we find out the long-term insolvency projection from the Medicare Trustees, and every year we hear calls from Republicans for major changes and cuts to Medicare in response. So this week we find out that the insolvency projection has been expanded by 2 years to 2026. That’s 13 years until insolvency. That sounds bad right? Well it’s not. The historic average Medicare insolvency projection since 1980 is over 12 years. It’s been as low as 4 years and as high as 28 years during that span. So with the latest report from the Medicare Trustees, we find out the sky is not falling because the program’s insolvency projection is sitting right at it’s 30-year average.

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