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Baron2024

(1,169 posts)
6. Medicare, Medicaid, And The Economy
Sun Jan 26, 2025, 06:52 PM
Jan 26

While it is important to note that millions of people- the sick, the poor, the elderly, the disabled- rely on Federal programs like Social Security, Medicare, Medicaid, and other social service programs- it should be pointed out to the Republicans that some very large corporations rely on these funds also, as well as many smaller businesses.

People who receive Federal Money spend most of it on rent, food, and meds. Landlords, Supermarkets, and Pharmacies get the lion's share of these monies. So in addition to supporting vulnerable people, these programs support businesses, which is all that most Republicans seem to care about- business and their own money.

Federally funded health insurance also pays for services at Hospitals, Clinics, and Medical Practices. It is estimated that 58% of all Hospital care is paid for by Medicare and Medicaid. Hospitals already struggle with finances. A significant cut to Medicare and/or Medicaid would be a deathblow to Hospitals and American Health Care. Millions of employees- Doctors, Nurses, Allied Health Workers, Administration, and Support Staff all depend on these funds for their salaries and the operations cost for Hospitals and Clinics.

Also- the amount spent on drugs each year by Medicare and Medicaid is in the hundreds of billions. This money goes to many large corporations and helps to subsidize the Pharmaceutical Industry and the Private Health Care Industry. For example, CVS Aetna is a huge entity that provides pharmacy benefits to nearly 90 million members and has an annual revenue exceeding $245 Billion Dollars. Much of this revenue comes from government programs like Medicare and Medicaid. Massive cuts to these programs would result in massive financial losses to these very large and very profitable corporations.

These are the sort of things that Republicans would seem to be concerned about-- Damage to the rich and the big corporations. The MAGA people are so stupid though that they do not realize that massive cuts to Social Security, Medicare, and Medicaid would be shooting a big part of corporate America in the foot. This in addition to being destructive to the Health Care Industry in general. If massive cuts to these programs go through, expect severe damage to the American Economy. Government spending supports the American Economy and massive cuts to that spending will ruin the economy. These people in the Trump Regime are frankly too stupid to understand this.


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