With the economic shape that Medicare and Medicaid are in, how can anyone expect that the federal government can provide universal health care?
Yesterday on The Right Balance with Greg Allen, Pete Sepp of the National Taxpayers Union made the statement that for the first time, this year, Medicare depends more on the federal government's general fund for its funding than it does on payroll taxes.
Stated differently, Medicare payroll taxes as now constituted pay for less than half of the costs of Medicare.
Should we raise Medicare payroll taxes? I don't think so.
With this news, how can the government possibly think it can provide an effective service in the arena of universal health care?