In 1965, Medicare started as a medical savings program for retirees. The government would take a small amount out of your paycheck each month for forty years. This would be placed in a virtual lockbox with your name on it, and would grow at some nominal but safe rate, say three percent. At retirement, the average American would have well over $100,000 in today’s dollars in a virtual individual Health Savings Account to cover old age medical costs.I stopped reading right there. If the authors understanding of the FACTS how Medicare works is this fundamentally flawed, I have no reason to read anything further that he has to say.