Testifying yesterday in Congress, two Medicare Trustees confirmed the following:

If we continue on our current path, Medicare would end itself by 2024.  The only way to save it would be a massive tax hike or an immediate cut in Medicare expenditures by 17%.

Here’s a little portion of the testimony, just so you can get a taste of what we have to look forward to with healthcare system.  This quote is from Dr. Robert Reischauer:

“… when the trust fund became insolvent, money would still be flowing in from tax receipts and Medicare would delay paying bills, and so a hospital would send this bill in and rather than being paid in 24 days, it might have to wait five months. The CMS and intermediaries and other payers would be writing out the checks and transferring the resources to the hospital, hospice, whatever, on a much delayed basis.”

The Democrat solution: “We have a plan.  It’s called Medicare.” – Nancy Pelosi

The Republican solution: Paul Ryan’s Medicare voucher plan.