“Entitlements” - Social Security, Medicare, & Medicaid

Social Security, Medicare, and Medicaid are fundamental programs, representing a lifetime of contributions from American workers and providing essential support for our elderly and those in need of medical assistance. However, these programs face significant financial challenges due to demographic shifts, rising healthcare costs, and past budgetary practices, including the diversion of funds for other initiatives.

To ensure their long-term solvency, we must adopt a comprehensive, multi-faceted approach. First, we must restore funding to sustainable levels, requiring difficult choices and potential spending reductions in other budgetary areas. Second, we should consider adjustments to eligibility ages, reflecting increased life expectancies. Third, a temporary, targeted tax increase for the wealthiest Americans could provide a bridge to stability.

Critically, we must address the unsustainable rise in healthcare costs, which directly impacts Medicare and Medicaid. A healthcare system built on transparency, accurate information, increased competition, and consumer choice is essential for creating an efficient marketplace. Empowering individuals to make informed healthcare decisions will drive value and efficiency, reducing the financial burden on these vital programs.

To protect these programs from future misuse, we advocate for a more independent management structure, removed from the immediate pressures of the annual congressional budget process. This will ensure that worker contributions are used solely for their intended purpose.

This approach acknowledges the complexity of the challenges facing these programs. It prioritizes responsible fiscal management, equitable contributions, and innovative healthcare solutions, ensuring that Social Security, Medicare, and Medicaid remain viable for generations to come.