Medicare may be unintended victim of bank crisis; Health care industry’s fears of law’s reversal

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Posted at Apr 14, 2012 by JG

Medicare may be unintended victim of bank crisis; Health care industry’s fears of law’s reversal » news-medical.net

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The banks’ actions led directly to an increase in government debt, which in turn has made the reduction of that debt by “cutting runaway spending" a centerpiece of the Republican presidential campaign to date. As a result of this pressure, Medicare now stands on the brink of being eliminated as a viable form of social insurance. Yet the executives who lead these banks – and the politicians with whom they work closely – will not be held accountable this election season (Simon Johnson, 4/12).

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