When Medicare was signed in to law by President Johnson in 1965, it was intended to serve as a central funding resource for persons over 65 years, and people with disabilities. Over the years millions of people have benefited from the financial medical pool that Medicare is — providing healthcare resources to innumerable people in need. There is no denying that the founders’ vision and efforts are truly commendable. However, every coin has two sides to it, and of late the ugly side of Medicare has been rearing its head. Fraudulent healthcare practices by healthcare companies and individuals abusing their benefits have contributed greatly to the depletion of Medicare reserves. Senate Republicans estimate that frauds cost Medicare and Medicaid approximately 60 billion dollars annually. Read more →

Nearly 43 million Americans are without health insurance and the number is rising, as the average cost of a family’s healthcare insurance is about $12,000. America pays 16% of its national income for healthcare, more than any other country, yet its position on the health chart among developed countries is astonishingly low. The WHO lists USA below even Costa Rica, Morocco, and Chile! Jonathan Cohn, Senior Editor of the Republic, traveled across the USA to interview families denied access to healthcare because of the looming cost-spiraled-out-of-proportion crisis faced by America’s healthcare system. The problems are largely due to a convoluted system that Americans use to pay for their healthcare costs. Read more →