Judith Stein at Neiman Watchdog:
Before Medicare, 50 percent of everyone 65 or older had NO health insurance. Now, as a result of Medicare, almost all older people are insured. Medicare, which is national, government-run health insurance, succeeded in insuring older people where private insurance failed. Further, until the Bush Administration privatized Medicare with huge subsidies to private “Medicare Advantage” and Part D plans, Medicare was also remarkably cost-effective. It’s private Medicare, not the traditional, public program, that’s bleeding taxpayers of billions of dollars.
Traditional Medicare has been a success, fiscally and morally. It took on the job of insuring health coverage and care to people that private insurance had abandoned. Since 2003, on the other hand, private Medicare plans have cost tens of billions of dollars that have gone to support the private insurance industry, not to providing health care. In addition, private Medicare plans have too often engaged in marketing abuses and restrictive coverage practices.