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Article: Cure for Health Care: Rein In Runaway Costs
- Article from:
- Chicago Sun-Times
- Article date:
- July 21, 1995
CopyrightCopyright 1995 Chicago Sun-Times. (Hide copyright information)
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Armed with reports predicting that the Social Security Hospital
Insurance Fund (Medicare Part A) will be "insolvent" by 2002, the
U.S. Congress is poised to cut $283 billion from the Medicare
program, our only health insurance system for older Americans, while
awarding a $345 billion tax cut for the wealthy.
That means every senior citizen will forfeit about $3,500 over
the next seven years so that every wealthy American can enjoy a
$20,000 windfall.
Cook County alone will lose as much as $6 billion in Medicare
payments by 2002. Who will pay? Our elderly, hospitals and
providers and the City of Chicago may have to pick up some of the
tab.
The Medicare-cutting proposals being ...