Our nation's debt is literally indenturing our children to our international debt holders, but most Americans don't care because they are more concerned about the latest saga involving Snooki on Jersey Shore rather than what really matters, our country’s future.

Friday, January 8, 2010

From the WSJ: Medicare and the Mayo Clinic- The famous hospital will no longer take some senior patients

Earlier this week the famous Mayo Clinic stated that it would no longer me accepting some Medicare patients. The reason they gave is very simple, they can't afford it anymore. The Mayo Clinic lost $840 Million last year because of the rates medicare reimburses for services. Now remember part of the new healthcare plan is that they plan to cut $500 Billion in medicare costs over the next decade to save money so they can spend it on Obamacare. So if private hospitals are losing money already what happens when they get reimbursed even less over the next decade. The end result is that we are all going to have to either bailout the Healthcare Industry or just take it over like Frannie and Freddie. We need good solutions to keep healthcare costs down but the garbage coming out of Washington is only going to make it worst.


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