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Commentary: A Little Honesty In The National Debt Debate
A couple of things happened this past week that are worth noting because they concern senior citizens (today’s and tomorrow’s) and taxpayers (as usual, mostly tomorrow’s). On Tuesday, the Senate sent to President Barack Obama the long-awaited and much-discussed Medicare “doc fix.” Each of the past 17 years, Medicare payments to physicians have been scheduled to be cut automatically under something called the sustainable growth rate formula, and each of those years, Congress has suspended those cuts for one year. It’s been a charade, but one with real consequences because Medicare payments to doctors are low, and some doctors routinely threaten to stop treating those patients. Those who still do would like more certainty than these one-year fixes provide. Read more…
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