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Saturday
Dec122009

Why Social Security needs restructuring and Medicare doesn’t

DateSaturday, December 12, 2009 at 11:05AM

I think I've got the answer to why the Right wants to privatize, downsize, revamp, or even eliminate the Social Security system but seldom inveighs against Medicare, which is in much, much worse shape actuarially. Both programs benefit an almost identical group of seniors, but in addition to that constituency Medicare benefits healthcare providers and insurers who have real political power—on display now in the pending healthcare "reform" legislation.

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