Center on Budget and Policy Priorities Senior Fellow Jared Bernstein does not want scare tactics about the Medicare program's finances to allow the Republicans to get away with privatizing the program. As he notes:
In fact, if the trust fund were to exhaust in 2024, income coming into the fund would still finance 90% of benefits. That’s something to be avoided, but it’s a different kind insolvency than that implied by the R’s mantra.
Finally, Ryan and company did not discover this challenge of paying for health care. We have a law on the books to meet the challenge—the Affordable Care Act. It has already improved Medicare’s fiscal outlook, though the real work—reducing the rate of health care costs for years to come—hasn’t even started yet.
Containing health care inflation is a policy priority. But it should not be used as an excuse to destroy this popular, and important, program.