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February 13, 2012
Binyamin Rose: Back to the Bunker: How a life-risking act by a Christian family during the Holocaust saved a family and built a thriving community a world away
Menachem Wecker: Business Schools Teach Real Estate Despite Troubled Housing Market
February 10, 2012
Lisa M. Krieger: Man with defibrillator demands access to his own heart's information
David G. Savage: Why activists may not be in a hurry to have High Court rule on alternative marriage
February 9, 2012
Laura McMullen: 10 Least Expensive Public Schools for Out-of-State Students
Kimberly Palmer: How to actually enjoy -- relaxing, financially -- your vacation
February 8, 2012
Warren Richey: Why momentous Prop. 8 ruling might not satisfy gay-rights groups
Menachem Wecker: Though Controversial, LL.M.'s Can Lead to Specialized Legal Jobs
The Kosher Gourmet byDana Velden: Going to the bother of making soup? You know it better be good. This CREAM OF TOMATO SOUP certainly is! And it's a cinch to make, too (Includes techinques and serving secrets)
February 7, 2012
Frank J. Gaffney, Jr.: Caught off-guard? President's Super Bowl interview with Matt Lauer gives those who need a reason not to vote for him, a darn good one
Suzanne Bohan: Leaping lizards! Tiny reptiles advancing robot design
February 6, 2012
Jonathan Tobin: Iran Threatens Israel With Destruction, But the New York Times Doesn't Hear It
Jeffrey Fleishman: In newly democratic Egypt, tens of democracy activists jailed, to stand trial; their groups are 'threatening the stability of the homeland'
Julie Deardorff : Researchers say antioxidants may not be that effective and could do more harm than good
Mark Clayton: How did Anonymous hackers eavesdrop on FBI and Scotland Yard?
February 3, 2012
Edmund Sanders : Israeli official says Iran is creating missile that could reach East Coast of US
Victoria Kim: Immigrant-smuggling ring used black drivers to avoid racial profiling
February 2, 2012
Jim Carney: Wrong number call may have saved her life
Reza Kahlili : Ex-CIA spy in Iran's Revolutionary Guard: What Obama doesn't grasp about striking deals with Tehran
Tina Susman: For woodchuck rescuer, every day is Groundhog Day
February 1, 2012
Brian Bennett: US officials see increasing threat of domestic attack from Iran
Emily Brandon: How to Take Advantage of New 401(k) Fee Disclosures
January 31, 2012
January 30, 2012
Paul Richter and Ramin Mostaghim: Misreading Teheran's limits -- deadly and economically devastating as they may be -- is a risk administration, Europe seem willing to take
Suzanne Bohan: Warning: Nap-deprived tots missing more than sleep, study finds
Meg Handley: Banks Revamping Rewards Programs to Woo Customers
January 27, 2012
Caroline B. Glick: Obama: Of course I intend to prevent a nuclear holocaust . . . in a few months
Yochonon Donn: In liberal New York City, fervently-Orthodox Jews may soon be getting a district to call their own
Jeannine Stein: An inflated ego and thinking you're 'all that' doesn't just make others sick of you, it can make you ill
Katy Hopkins: New budget rules may affect how much money you get for college
January 26, 2012
Ed Koch: To the New York Times, calling for the murder of Jews by those capable of having their incitement taken seriously isn't news
Jeannine Stein: Mental illness struck one in five U.S. adults in 2010: Report
January 25, 2012
Richard Simon: House passes two bills endorsing the use of religious symbols at military memorials
Fred Weir: Putin: Multiethnic Russia cannot survive as a US-style 'melting pot'; must find its own way
Susan Johnston: 5 Sneaky Coupon Strategies Consumers Should Watch Out For
January 24, 2012
Carol Clark: The price of your soul: How your brain decides whether to 'sell out'
Caroline B. Glick: America lost most in 'Arab Spring'. Sadly, many voters still don't grasp the extent
Warren Richey: Drug criminal scores win in GPS ruling from conservative-leaning high court
Erika Bolstad: Black conservatives gather to talk about gaining strength
January 23, 2012
Melissa Dribben: Jewish voters to play a key role in Florida's Republican primary
Jordan Rau: In quest to grow, Catholic hospital system will announce this morning its break from church
Ali Safi: U.S. envoy gives Taliban terms for peace talks
January 19, 2012
January 18, 2012
January 17, 2012
Frank J. Gaffney Jr.: No-kidding red lines: U.S. response to an Iranian nuke may be bluster, but Israel's won't be
David G. Savage: They sued their principals after slandering them online --- now the cases are headed to the Supreme Court
David Francis: Where to Invest in 2012: With stocks expected to rebound, opportunity abounds for investors
January 13, 2012
Ben Lynfield: Israeli lawmakers move to annex Jewish Judea, one museum at a time
Alexia Elejalde-Ruiz: Thriving through touch: Gentle massage helps older people with low mobility improve in mind and body
January 12, 2012
Warren Richey: Landmark Supreme Court ruling a 'resounding win' for religious groups
Warren Richey: Supreme Court says no to new rule on eyewitness testimony
John Fauber : Statins found to raise diabetes risk in postmenopausal women
Katy Hopkins : Consider This Before You Pay for an Online Degree
The Kosher Gourmet by Joseph Erdos: This mushroom and barley soup has an intense -- almost nutty -- flavor that mixes robust with Middle East. It has creaminess without cream
January 11, 2012
Shari Roan: Millions of atrial fibrillation sufferers at risk for devastating, but preventable, stroke
Tom Hussain: Pakistan -- recipient of more than $21 billion in civilian and military aid -- speeds pursuit of Iranian pipeline, defying US
David G. Savage: High court signals it won't be loosening TV's 'indecency' rules
Stephen Ceasar: Oklahoma's Islamic law amendment can't go into effect, court rules
January 10, 2012
Reza Kahlili: From an ex-CIA spy: US must exploit new split in Iran's Revolutionary Guard
Karen Kaplan: Study: Nicotine replacement products ineffective when used in real-life situations
January 9, 2012
Michael Doyle: Put through legal hell over dream home, couple fought back hard --- all the way to Supreme Court
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Jewish World Review
May 19, 2006
/ 21 Iyar, 5766
Medicare's financial problems deepen, Trustees say — Fund could bedepleted by 2018
By
Drs. Michael A. Glueck & Robert J. Cihak
http://www.JewishWorldReview.com |
According to the annual report released May 1, the Medicare trust fund will
be depleted by 2018, two years sooner than predicted a year ago and 12
years sooner than anticipated when President Bush took office. So warns a
"News of the Day ... In Perspective" release on May 6, 2006 from the
Association of American Physicians and Surgeons, Inc.
The Medicare and Social Security programs "form the basis of a looming
fiscal crisis for our nation as the baby-boom generation moves into
retirement," said Treasury Secretary John W. Snow, one of the trustees.
Senators Charles Grassley (R-IA) and Max Baucus (D-MT) called for the
resignation of public trustees Tom Saving and John Palmer, reappointed by
President Bush during Easter recess to avoid the need for Senate
confirmation (Wash Post 5/2/06).
Saving and Palmer are credited with changing the Trustees report to include
annual updates on the value of the unfunded liabilities.
This year, the combined Social Security/Medicare unfunded obligations
reached $36.7 trillion on a 75-year horizon and $83.9 trillion on an
infinite horizon. These figures were not included in handouts provided
during a briefing on the report, according to John Goodman of the National
Center for Policy Analysis.
The Trustees also reported that in 2006, 12.3% of federal income tax
revenues will be transferred to support Medicare; Social Security still has
an excess amounting to 5.3% of income tax revenue. If present trends were
to continue, Medicare alone would absorb 74.8% of income tax revenue by
2080, and Social Security 17.0%.
As part of the Medicare Modernization Act, the Trustees are required to
compare overall projected Medicare expenditures with the program's
"dedicated revenues." If the difference is projected to exceed 45% of the
revenues within the first seven years of the projection period, it triggers
a determination of "excess general revenue Medicare funding." A second such
determination in 2007 would trigger a "Medicare funding warning."
This year is the first to trigger the determination. If it occurs again
next year, Congress will be required to consider action on a expedited
basis, but won't actually have to do anything.
The provision was intended to cap the amount of general revenues that could
be used to support Medicare. According to a New York Times May 4 editorial,
such a cap is "a perverse way to deal with Medicare's very real financial
problems," because it "removes the most progressive source of funding from
further consideration."

President Bush proposes to create a federal commission on the plight of
entitlement programs and to slow Medicare spending by $36 billion over the
next five years.
Comments Jane Orient, M.D. Executive Director of AAPS, "If the hospital
"trust fund" for our single-payer Medicare program for the elderly is going
to be insolvent by 2018, and is slated to devour most of the federal
treasury soon thereafter, how can we possibly fund universal single-payer
health insurance for everybody?
We've reached the conclusion that the United States is now like an
individual or business that has gone so deeply into debt, it knows the
money will never be repaid. So why bother being responsible anymore? Just
let the final collapse come after our time, and let the decline be gradual.
Unfortunately, the decline won't be gradual, and when it comes will be like
falling off a cliff. And our indebtedness for medical care is just giving
the rest of the world more weapons to use against us.
Every weekday JewishWorldReview.com publishes what many in in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.
Michael Arnold Glueck, M.D., is a multiple award winning writer who comments
on medical-legal issues. Robert J. Cihak, M.D., is a Discovery Institute
Senior Fellow and a past president of the Association of American Physicians
and Surgeons. Both JWR contributors are Harvard trained diagnostic radiologists.
Comment by clicking here.
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