Dr Prem Global Healthcare Logo

Medicare in U.S. headed for financial disaster

 

The U.S. health care system is ill. That’s the assessment of former U.S. Health and Human Services Secretary Mike Leavitt, who also served two terms as governor of Utah.

Leavitt, who warned nearly a decade ago that the Medicare is headed for financial disaster, said the American people now accept that this medical insurance program is in serious trouble. Medicare was created in 1965 primarily to cover people over 65, as well as others with disabilities.

“Time will tell if Congress has heard it loud and clear enough,” said Leavitt, who was in Wisconsin this week to speak to the Aurora Health Care board and some employees. Milwaukee-based Aurora runs 13 hospitals, 100 clinics and 80 community pharmacies. More importantly, Leavitt said, global markets know the effects Medicare is having on the U.S. deficit.

Ref and Read more: http://www.wisbusiness.com/index.iml?Article=247330

 

Recent Articles:

Scroll to Top