President Barack Obama gave Medicare and Medicaid, the federal and state health care entitlements for the elderly and poor, respectively, a clean bill of financial health in his weekly addresson Saturday as he marked the programs’ 50th birthday.
“Today, we’re often told that Medicare and Medicaid are in crisis. But that’s usually a political excuse to cut their funding, privatize them, or phase them out entirely–all of which would undermine their core guarantee. The truth is, these programs aren’t in crisis.”
The government’s own data say otherwise.