Three Easy Solutions to Social Security and Medicare That Republicans Do not Want You to Know

Republicans would like to get rid of Social Security and Medicare. But they can not because social security and medicare are among the most popular of all federal programs. In addition, most Americans have devoted their entire professional lives to it and depend on it.

So how are Republicans going to try to end these programs? By doing nothing to save Medicare and Social Security.

The Medicare and Social Security Administrators – of which I was a part – say that Medicare will run out of money by 2026, three years ahead of schedule, and that Social Security will run out of money. in 2034.

But that does not have to be the case.

Here are three simple solutions to social security and health insurance that Republicans do not want you to know.

First: raise the ceiling on income subject to social security social security contributions.

This year's ceiling is $ 128,400, which means that every dollar earned above $ 128,400 is not subject to Social Security taxes.

Thus, the typical CEO of a large company, earning more than $ 15 million, pays social security taxes only on a $ 128,400 income, a tiny fraction. While the typical nurse practitioner, who earns about $ 100,000 at home, pays social security taxes on every dollar of her income.

In this era of inequality that is raging, it is not fair. And it's not even logical. Lift the cap.

Second: To help reduce Medicare costs, allow the government to use its enormous bargaining power to negotiate lower drug prices.

Big Pharma has legislation preventing the government from negotiating lower prices for drugs. This legislation should be repealed.

According to Big Pharma, this would mean less research on new drugs, but it is a dead point. Pharma already spends more on advertising, marketing and lobbying than on research.

Third, to address one of the fundamental reasons why social security and Medicare are running out of money, allow more young immigrants to the United States.

The main reason why social security and Medicare are running out of money is that the American population continues to age and lives longer, leaving a relatively small labor force to contribute to social security and health insurance. .

What to do? Allow more young immigrants. Immigrants and their children are the fastest growing segment of the labor force, already contributing billions of dollars in social security contributions each year. Rather than prohibiting immigrants, allowing more immigrants to the country will help secure the future of social security and health insurance.

It's not rocket science, folks. Raise the ceiling, negotiate the price of drugs and allow more immigrants. Do these three things and you will not have to worry about the non-presence of Social Security and Medicare when you need it.