But the deficit doesnt exist in a vaccuum. It is the result of government spending money on programs but not collecting enough in taxes to pay for them
SS may be OK for now, but Medicare/Medicaid are not properly funded by any stretch of the imagination. If you want to save them, it is the payroll tax on everyone that needs to be adjusted. Tripled probably. The current level of 1.45% has been on place since the 80's. Medical insurance costs have gone up dramatically since then but medicar/medicaid payroll deductions havent budged....
Here's an opinion piece on what can be done for Medicare. We need to try common-sense cost containment before we cut benefits.
Remove Medicare's straitjacket - Los Angeles Times
Also, I am just now realizing that you have lumped Medicare and Medicaid together, and they are two different things. Medicare is medical insurance for older, retired people and we PAY for it through those payroll deductions you mentioned. Medicare is being addressed in the link I am including in this post. Medicaid is medical insurance for poor people, and that comes out of the General Fund as an expense against tax revenues. They are two different things. But arguably, you could do for Medicaid the same things being suggested to contain Medicare costs. The providers want as much reimbursement as they can get. But that is just greed, and is not necessary at all.
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