Originally Posted by pricejj
Whatever you call them, both programs are unsustainable, and are in major need of reform.
1. Medicare can easily be reformed to give block-grant funding up to deductible (if necessary), and premium support for the elderly poor. If properly reformed, all Medicare recipients could be placed into the private insurance exchanges almost immediately.
2. SS can easily be reformed and made sustainable by increasing the payroll tax deduction by 1% (from 6.2% to 7.2%). However, I also believe that SS should be converted into individual retirement accounts where people can have the ability to invest in a limited amount of investment vehicles (i.e. Treasuries etc.).
3. Medicaid can be handled at a later date (1. increase fee-per-service to elimate healthcare over-utilization 2. means testing to remove wealthy recipients from the program)
SS &medicare are not changing, get over it.