Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: airdalecheif

THIS is the main reason we are going bankrupt.


3 posted on 05/06/2024 7:14:54 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: MeneMeneTekelUpharsin

This was written in 2016:

The CERTAIN Destruction Of Our Nation

https://market-ticker.org/akcs-www?post=231561

“Last year the Federal Government spent $1,417 billion dollars out of $3,854 billion, or 37% of every dollar it spent, on Medicare and Medicaid. This was a 9.3% increase over last year’s expenditure of $1,296,731 (million), all-in.

But inside this figure are even-more damning numbers.

Payments to the health care trust funds were up 13.4% (!)

Spending on CHIP, the plan for poor kids, rose last year by an astounding 56%. While the total spent was only $14.3 billion that rate of rise is utterly astronomical by anyone’s measure.

Don’t believe for a second that administrative expenses are under control, which is a claim often made for Medicare and Medicaid: They were up 32% last year for the primary hospital insurance trust fund. No, that’s not a misprint.

Hospital benefit payments for Medicare? Up 8.4% — the bright spot, believe it or not.

Medicare Part “D” (drugs)? Sit down: Up 26.2% to a total of $95.2 billion.

Folks, at this rate of change within the next four years Medicare and Medicaid will consume just over $2,000 billion a year, or $2 trillion — an increase of $600 billion a year in spending.”

In other words, even in the absence of illegals, medical costs alone will bankrupt the nation. It’s not opinion, it’s math.


7 posted on 05/06/2024 7:27:34 AM PDT by packagingguy
[ Post Reply | Private Reply | To 3 | View Replies ]

To: MeneMeneTekelUpharsin

Send the bill to Mayorkas, obozo, and Biden.


9 posted on 05/06/2024 7:35:05 AM PDT by chopperk
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson