Medicare is running out of money fast; the Federal government has made promises to that it cannot keep. The Medicare Trustees report that the program’s unfunded liabilities are $38.6 Trillion
, or $328,404 for Each U.S. household. Seniors who depend on Medicare for their medical care need to be allowed a way out of this failing program, explains AAPS Executive Director Jane Orient, MD in this interview with Michael Ostrolenk about her recent Washington Times editorial, “Boomers to Congress: Let’s Make a Deal”
. Dr. Orient proposes solutions that would empower these citizens to control their own medical decisions and spending instead of being forced to into the bureaucrat-rationed care of an insolvent Federal government.
The U.S. Federal Government is currently borrowing 40% of every thing it spends and in March disbursements were eight times as much as income. Rep. Paul Ryan has proposed a “roadmap” to reduce deficit spending and lower our national debt, but a significant portion of his plan pushes cuts of any significance many years, if not decades, into the future. His “premium-support” Medicare plan begins for retirees in 2021. In this podcast, AAPS Executive Director Jane Orient, MD and host Michael Ostrolenk explore another Medicare scenario that could begin immediately, would give Seniors more control over their care (and money), saves 2 Trillion more than Ryan, and perhaps could unwind the current Medicare Ponzi scheme that created a Medicare trust fund full of IOUs. Read more on this topic in a recent article by Dr. Orient, “Mr. Ryan, We’ll See You, and Raise You $2 Trillion”.
Both patients and doctors are often unhappy with our current medical system and it is in vogue to blame capitalism for this “market failure.” Yet often unsaid, is that for more than 50 years, the dead hand of government has gradually replaced the invisible hand of free markets in U.S. health care. Today government and insurance company bureaucrats (empowered by DC backroom deals) are firmly wedged between patients and doctors.
In this podcast Michael Ostrolenk speaks with Ralph Weber, a Canadian medical refugee and the founder of Medibid.com—a website striving to remove these third parties from the patient-doctor relationship by directly matching patients up with the physicians and facilities they need to take care of their medical needs. Mr. Weber explains how Medibid works by keeping doctors and patient as the decision makers, not strangers sitting in cubicles, and how when the free market is truly allowed to function, prices go down and quality goes up.
AAPS members interested in finding cash-paying patients looking for their services, can get a special member-only discount at Medibid.com. Visit http://www.Medibid.com and enter code AAPS2020DF to receive 20% off the normal yearly price.
A GAO study found that Medicare bureaucrats give incorrect answers to physicians’ questions regarding Medicare regulations 96% of the time! If these Medicare “experts” do not understand the rules how can honest physicians be expected to successfully navigate the Medicare regulation labyrinth? Michael Ostrolenk speaks with Lawrence Huntoon, M.D., Ph.D. about how this “Incompetence-Based Bureaucracy”
is driving good doctors out of practice and preventing patients from receiving the care they need.