Medicare Costs Are Worst of All - MoneyShow.com

Medicare Costs Are Worst of All - MoneyShow.com: "If you’re stressed out over the possibility that Social Security costs will overwhelm our federal budget, wait until you see the impact of Medicare.

While Social Security (and railroad retirement benefits) are estimated to cost the government approximately $600 billion in fiscal 2008, Medicare costs will soon exceed the bill for Social Security.

Medicare currently costs the government $390 billion a year. But its rate of growth is twice as fast as Social Security’s. And that is before you factor in costs for the new Medicare Part D drug program. Conservatively, it’s estimated that in the next ten years, Medicare spending will consume at least 25% of federal income tax revenues.

Keep in mind, that doesn’t include a fast growing segment of government spending—Medicaid. This shared program with the states is also growing exponentially, as it is used to cover nursing home care costs for indigent seniors."

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I'm just trying to illustrate that the government can not handle what it has already, forget trying to take on more of the health care industry.