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38 TRILLION UNFUNDED MEDICARE LIABILITY

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clarence swinney Donating Member (673 posts) Send PM | Profile | Ignore Mon Aug-31-09 11:10 AM
Original message
38 TRILLION UNFUNDED MEDICARE LIABILITY
Orrin Hatch said that on Talk program.

Wow! I am worried sick.
38 Trillion=38,000 Billion
Medicare 2009 expenditures= 430 Billion

38,000/430=88

2097=wow! I am scared.

cswinney2@triad.rr.com
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 11:16 AM
Response to Original message
1. The number keeps growing every time a right wing loony speaks
Last week it was only about 10 trillion, a bargain!

"Unfunded liability" just means the fools are counting projected costs without counting the premiums that will be paid to cover them. As the cost of care inflates, so will the premiums. Duh, Orrin.

They're using a lot of big words and obviously have no clue what they mean.

They can't do math, either.
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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 11:17 AM
Response to Original message
2. link?
I'm smelling ass stat.... :eyes:
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 12:38 PM
Response to Reply #2
11. Is that a surprise?
I want to hear just one of them say they want to abolish medicare because it costs too much.
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Vincardog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 11:17 AM
Response to Original message
3. Did he happen to mention how much of that was due to the Republican 's drug program? The one that
forbids medicare to negotiate for better drug prices?
Did you ever wonder why we pay more for our prescription drugs than any other country?
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sharesunited Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 11:24 AM
Response to Reply #3
5. Viagra and Cialis advertisements cost a lot of mony.
And I haven't heard about restless leg syndrome lately. Was that condition eradicated, or did the marketing campaign just flop?
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RoccoR5955 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 11:50 AM
Response to Reply #3
9. Medicare Part 'D' for Dubya.
I wonder how much he gets under the table for that deal?
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 11:18 AM
Response to Original message
4. the silly little man knows nothing .....
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caseymoz Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 11:29 AM
Response to Original message
6. I think Booby Hatch either needs a new calculator or some remedial math. nt
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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 11:33 AM
Response to Original message
7. Which Is Why We Need Single Payer
Unless we're inherently stupider than every other industrialized country, single payer will cut medical expenditures by 30% or more - while creating better medical outcomes.
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Rosa Luxemburg Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 11:41 AM
Response to Original message
8. he doesn't mind paying billions for war
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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-31-09 12:17 PM
Response to Original message
10. Small problem with your math
You forgot to account for demographics. The baby boomer generation is so large, and is very likely to live long enough on average to bring this program to its knees in a decade. Throw in the continued compounding of health care costs, and 2017 is a reasonable target.
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