Medicare Debate

1296 WORDS

Medicare Debate
The U.S. government have denied that Medicare has been going bankrupt. Although
the government may say that Medicare has plenty of money it is untrue because it
is a fact that Medicare will go bankrupt by the year 2001 as stated by
preliminary sources. Medicare is one of the main sources of funding for those
people that have no money or very small amount of money. The community service
that was done for this research paper is hospital volunteering at John Muir

Medical Center. The community service included various jobs that was needed to
be done were, Putting items away for nurses, discharging patients, doing paper
work, feeding patients, answering phones, and helping patients when they ask for
assistance. The floor I worked on was Oncology (The branch of medicine that
deals with tumors, including study of their development, diagnosis, treatment,
and prevention). This community service has help me gain insight on the Medicare
situation because I have asked multiple amount of people that work at John Muir

Medical Center. There is a side to be considered about Medicare and Social

Security in the government. The vice president of the United States, Al Gore,
wrote in a letter stating that social security funds are not being depleted.

Gore said that, "the allegations to the contrary have been circulated by
certain organizations as a money-making scheme for some time." (Gore

Letter). Vice President Gore tries to show theses allegations are untrue by
explaining how social security works. In this letter, Vice President Gore
cleared up the allegations by writing that, "When Social Security taxes are
collected, they are credited to the Social Security trust funds with government
security, perhaps the safest investment in the United States. In history

Medicare has experience a few problem regarding it's funding. Problems have
occurred over the history of Medicare. The major problem and most recent of

Medicare is that it is going bankrupt. Medicare is another legacy of Lyndon

Baines Johnson Great Society. Spending is obviously out of control. On June 5th
the government announced that the Medicare Trust Fund would go broke by the year

2001(nationaldebt). In 1965 when LBJ started Health and Medicare, the Total

Federal Spending for the year was $101 Billion. By the year 2000 we will spend
over 4 times than amount on Health and Medicare alone, and Medicare will equal
the annual spending for Defense(CNN). Under our Constitution, Defense is a
specific responsibility of the Federal Government. Medicare is a step-child of
our Liberal/Socialists. You might keep this in mind when we get to the point
where we have to chose what we CAN do versus what we would LIKE to do. By the
year 2002 Medicare will have exceeded defense spending Healthcare has been a
problem for the government as well for it has added to the enormous debt the
country already has. Another major problem of Medicare is that the government
does not regulate Medicare enough(Medicare). Medicare affects all different
aspects of different programs. For instance Medicare affects Social Security
(national debt). Social Security has already exceeded Defense spending by almost
double. Just like Medicare, Social Security is being abused. Abused meaning that
people take advantage of it. It is different from Medicare because less people
can use Social Security because it is set aside for the tax payers of this
country. The mechanism is similar to depositing money in a bank. As you know,
when a bank accepts a deposit. It takes that money and uses it for loans and
investments in order to provide a positive return to share holders and
interest-bearing accounts. The deposit is credited to an account, and as long as
the account has a positive balance, the bank is obligated to honor debits to it.

In the same way, the trust funds' balances represent and have swerved as
financial claims against the government-claims on which the Department of the

Treasury has never defaulted...." (Gore Letter). This letter written by Al

Gore shows the government side of the issue on Social Security. The government
does make it's point in describing that Social Security is not endanger of
losing money or even going bankrupt. According to Al Gore he mentioned that,
"Social Security represents an important commitment to the elderly which
must not and will not be abandoned. I assure you that Social Security has ample
funds to continue supporting the programs upon which many older Americans
depend." (Gore Letter). Vice President Gore has given a very good
explanation of why Social Security will not run out of funds. The following
shows the

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