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Wednesday, October 31, 2007  

Is Medicare Insurance Getting the Attention it Deserves?

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At TheStreet.com, political correspondent John Fout questions the healthcare focus of democratic presidential hopefuls, suggesting that Medicare insurance isn't receiving the kind of attention it desperately needs.

Fout reminds us that "there's an immediate crisis in Medicare," with only 12 years before the trustees believe that the money will run out on Medicare insurance. Social security seems to be getting a lot more attention than it's healthcare counterpart, though Fount suggests that social security will be on steady footing for years to come.

But Medicare insurance has suffered tremendous blows due to rising healthcare costs, and the 2003 Medicare Modernization Act which made it impossible for the government to negotiate bulk-price discounts from drug makers. That, in conjunction with the aging of baby boomers, is putting a tremendous strain on the entire Medicare system.

Will they listen? Will something get done? Hopefully so – but 2008 is still a long time coming, and in the mean time it's best to stay as healthy as possible, and opt for a supplemental insurance plan that can fill in the gaps for Medicare plans that need a little boost.