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April 06 2005
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Medicare: Underpriced and Oversold

 

Dollar“Medicare was underpriced and oversold, and the bill, which is much more than the “experts” predicted, is now coming due. This will result in either higher taxes or limitation of services or both. And, it will be non-medical government bureaucrats making the medical decisions. There will inevitably come a time when certain drugs and procedures will be denied to those who need them because they “cost the government too much.”

If this sounds like an adequate description of today’s Medicare conundrum, you’re in for a surprise. This excerpt was taken from a speech given by Dr. Jack Schreiber during the 24th annual meeting of the Association of American Physicians and Surgeons about the state of medicine circa 1967.

Now, almost 40 years later, the Journal of the American Physicians and Surgeons felt it an appropriate time to rerun this chapter from its archives. In a testimony to how socialized medicine, or Medicare, has grown so little in nearly four decades, the speech lends a few wise words that still ring true today, yet, in reality, are followed only by the few and far between:

“For those physicians with moral character and foresight … we should say YES to continuing to provide our patients with the best medical care possible, with a commitment to charity for those who cannot afford medical services. YES, I will continue to deal directly with my patients, as my patient is my one and only employer. And, I will assist my patient in providing information needed to receive reimbursement form his insurer, but I will not be party to the contract between patient and insurer. The patient will remain personally responsible for paying for his own personal medical care.”

To read this important speech in full, please click on the link below.

Journal of the American Physicians and Surgeons Winter 2004: 123-124 (Free Full-Text PDF)



Dr. MercolaDr. Mercola's Comments:

I will never forget the introduction of Medicare by President Johnson in 1965 as it was a classic example of the devastating complications that can result from well intentioned government intervention in our health care system. And 40 years later it has become clear that Medicare is a prescription for disaster.

The American Association of Physician & Surgeons is a group of about 10,000 physicians that share my political libertarian viewpoint. The speech above is abstracted from the current issue of their journal. Dr. Russel Blaylock is another member of the AAPS and is also one of the editors of their journal. I am delighted that he is a regular contributing editor to this newsletter.

The 40-year-old speech is a great primer to understand why the Medicare drug bill passed in 2003 is another variable that can bust our country’s budget and further enrich the drug companies. It was initially projected to cost $400 billion dollars over a ten year period, but the last I read the estimate now is closer to $1.5 TRILLION dollars.

Dr. Schreiber believed "the bill" for Medicare, under-priced and oversold, would be coming due shortly, at least during his speech. The fact is, he was a bit early. New estimates released these days predict Medicare will become insolvent by 2020 and Social Security isn't far behind. This is why the best thing you could possibly do is to optimize your health as soon as you can with the help of the free tools I provide on my Web site.

The social security nightmare should not be a concern for most younger people, though it would be safe to assume that it won’t be providing the same benefits for most of us that it currently does. Many experts believe it is a giant government Ponzi scheme. The term comes from Charles Ponzi in the 1920s who developed an age-old twist on the pyramid scheme.

Personally, I have never been involved with the Medicare system and have never filed a claim with them in over 20 years of practice. I don’t have any intentions on using the system and fully believe in keeping my body healthy with natural healthy lifestyles.

This is also an option for you. My best prescription for beating these alarming numbers is to get healthy as soon as you can. There are a number of basic strategies you can take and you can best remember them by my name. Following these guidelines will be a powerful way to avoid premature aging and improve your health.

Related Articles:

Government Won't Cover You in Future So Get Healthy NOW

Medicare Reform: What to Expect From the Expansion

Medicare Bill a Major Catastrophe for Future of This Country

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