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Shrinking Medicare, Expanding Poverty
Wednesday, April 27th, 2011
April 21, 2011
In 1975, spending on hospitals and doctors – the core medicare services – accounted for 60% of total health spending. In 2010 the figure was 41%. Governments fund only half of all other types of care and have deinsured medically necessary services such as optometric visits. But the biggest and growing gap in the system is in the care of seniors: prescription drugs, home care, and long-term residential care, known as LTC… the system is stingy with inexpensive home care and more generous in providing expensive institutional care. It’s a classic lose-lose: worse for the person, and more costly for the public.
Tags: budget, disabilities, featured, Health, ideology, poverty, privatization, standard of living
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