Nov 26, 2012
Both parties tell us Medicare and Medicaid must be cut. These “entitlement programs” are too expensive – they say – and they are rapidly getting more expensive.
Yes, Medicare and Medicaid are expensive. Because the whole profit-driven health care system in the United States is outrageously expensive. The U.S. spends twice as much per person as other wealthy countries on medical care, without nearly as much to show for it.
This is because of the range of ways profit is taken from medical care: all the private health insurers and for-profit hospital systems jack up the cost – not to mention the big pharmaceutical and medical equipment companies, which charge hundreds of times more than the actual costs of production for their products!
Medicare and Medicaid, in fact, don’t add costs to the system – they are victimized by it, just the same way all of us are.