Daily News Updates - Health Insurance News

Medicare: The Next Golden Goose, Pt.5 – Show me the money!

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Mr. McCain s campaign said that, by eliminating fraud in the two programs, the savings would offset the costs of his own plan. Medicare and Medicaid, right now provide health insurance/care for seniors, poor people and the disabled. Mr. Obama seeks to expand these models to provide health insurance to millions of Americans who, now, have none. We all know that health insurance fraud is very bad. But we also know that tapping into funds legally assigned for one purpose to be used for another purpose can be even worse.

We should all know that tapping into Social Security funds for other purposes has always been a prime target for the Republican Party. It’s also the ‘Washington way’ to squander miss-allocated funds on a bad bet and assume ‘forgiveness’ (like the initiative to privatize Social Security on Wall Street and squander the existing account on other things). So if Mr. McCain plans to stop all the health insurance fraud first, then, afterward, glean the moneys saved for his own health insurance plan that would be one thing. But, as a rule, Republicans like to access the funds now and hope for the best.

Another hurdle is the Democratic congress. Should there be any mistrust, they would likely shut Mr. McCain down. As a result, he may use that refusal to blame congress when his health insurance/care proposal fails.

Although, not a critical issue to his campaign, a workable health insurance/care reform is critical to millions of Americans. In order for Congress to approve, the funds could only come from savings and the savings must be substantiated first.

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