Thursday, September 26, 2013

Let It Die

German Chancellor Otto von Bismark's creation of a social insurance system in the 19th century spread through Europe. After the devastation of World War I, few questioned its need. In the U.S., Franklin Roosevelt's Social Security system was seen as an antidote to the Depression. The public's three-decade support for the idea allowed Lyndon Johnson to pass the Medicare and Medicaid entitlements even in the absence of an economic crisis.

Going back at least to the Breaux-Thomas Medicare Commission in 1999, endless learned bodies have warned that the U.S. entitlement scheme of Social Security, Medicare and Medicaid is financially unsupportable. Of Medicare, Rep. Bill Thomas said at the time, "One of the biggest problems is that the government tries to administer 10,000 prices in 3,000 counties, and it gets it wrong most of the time." But change never comes.

Medicaid is the worst medicine in the United States. It grinds on. Doctors in droves are withdrawing from Medicare. No matter. It all lives on.
http://online.wsj.com/article/SB10001424052702304526204579097443230322758.html?mod=hp_opinion

Will's conclusion - let Obamacare die and take the mess that is medicare/medicaid with it.

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