As the nation's largest health insurance program, Medicare currently covers more than 40 million Americans. But many observers are concerned what will happen when more and more Baby Boomers become eligible.
Each day, approximately 10,000 baby boomers turn 65 -- and thereby become eligible for Medicare. Many would argue that unlike most signs of getting older, that's a good thing, considering how expensive individual health insurance has become.
Instituting ill-conceived changes will not only fail to rein in Medicare's long-term spending growth, but will inflict severe and unnecessary harm on our nation's poor and elderly who are suffering from serious physical and behavioral illnesses.
Medicare is a federal promise to the American people, offering critical support to 50 million Americans -- and growing. While a dialogue about Medicare's sustainability is vitally important, it must not come at the expense of those who rely on the program.
Don't leave $4,000 a year on the table when you pay for your medications. That's the value of "Extra Help," a government program for low-income seniors under Part D, Medicare's prescription drug program. More than two million people are eligible, but haven't signed up.
The healthcare train has left the station, albeit with some struggles. And there will be other hurdles ahead for the law. But, as more Americans see the options that are available to them, they will understand the true significance of Obamacare. And then they will be "addicted to the sugar!"
Because all Medicare prescription drug plans can change their coverage and costs each calendar year, the only way to ensure you're getting the best coverage at the lowest cost is to compare your Part D plan against the competition during Medicare's open enrollment period.
For people who were blown away to learn recently that the 11 largest global pharmaceutical companies made an astonishing $711 billion in profits over the last decade, here's another measure of the industry's greed.
Republicans on Capitol Hill have dug themselves into a deep and narrow chasm whose walls are about to close in. In a matter of weeks, they may find themselves squeezed mercilessly between their implacable right wing and constituents feeling the pain of sequestration.
In a sharp rebuke of a New York Times investigation, an analysis by the nonpartisan CBO found that a last-minute provision added to the early January "fiscal cliff" bill could save taxpayers as much as $4 billion -- rather than costing $500 million, as the Times had claimed.
The president opened last week's State of the Union address calling for "modest" changes to contain Medicare costs. Yet, there is little consensus among lawmakers on what to do about Medicare. As this discussion unfolds, Congress must remember three key Medicare facts.