Who Pays For Medicare Part B?

Who Pays For Medicare Part B?

frank white:

10:56

there are several, but the majority of the money, the majority of the paying of the medical bills is done by the federal government.

james rosen:

11:03

frank, when we talk about the government, what do we mean and how set up is medicare part b.

11:08

james, we mean the federal government. the federal government is paying for this program. there are no different levels of government, or different states, or things like that. it's the federal government. the federal government does not work like the state government, where you have a governor, a legislature, a senate, and a house. the federal government, the president of the united states is the principle decision maker. he has the power of the purse. he decides how much of the money that he wants to spend. he also decides how it's spent.

11:37

frank, there's a lot of talk about insolvency.

medicare is expected to start going bankrupt in 2017.

when we talk about the government, what happens if there's no money to pay medicare part b?

what happens if medicare part b goes bankrupt?

11:51

that will be the president's decision, james. that will be the president's decision. if that happens, you will have a president who will have to decide how he wants to handle the situation.

12:01

frank, when you talk about the president, is there a president who can do something to forestall or alleviate the insolvency of medicare part b?

12:07

yes, there is. the president of the united states has the power of the purse. he can decide to spend more money on medicare part b. he can decide to have medicare part b operate under the same rules that medicare part a does. medicare part a is the part that pays for the medical bills.

12:25

frank, who are the beneficiaries of the government paying for medicare part b?

12:30

just like medicare part a, the beneficiaries are the people who are on medicare. because medicare is a federal program, it covers people who are 65 and older, as well as people who have disabilities. again, it's an entitlement. so, the people who qualify for that have a right to have medicare part b.

12:54

frank, what happens if there is no money to pay medicare part b?

is there a way to ease that?

what happens?

is it.

13:00

james, it would be based on the president's decision. james, it would be based on the president's decision.

13:03

frank, when you say it will be based on the president's decision, does that mean that the president can do something to prevent this bankruptcy of medicare part b?

13:12

the president has the power of the purse. he has the power of the tax dollars. he can decide to spend more money on it. he can decide to make other decisions. the president of the united states has the power. that's based upon our constitution.

13:30

frank, you and i know, you have a lot of experience at the white house. you know a lot of people who have been there. you know a lot of people who are involved in the campaign. what will be the situation at the white house in 2017 after medicare part b goes bankrupt?

13:44

james, first, let me tell you, i don't have inside information. i don't have inside information. i don't have access to the white house. i don't have access to the white house. i can't predict what the president of the united states will do. i think there are two options for the president. if you have no money to pay medicare part b, you can raise taxes or you can cut spending. you can raise taxes or you can cut spending. i think that the president of the united states will have to make that decision.

14:15

frank, the election is next november.

all right, there's a lot of talk about a lot of things.

what is medicare part b?

is it going to go bankrupt?

14:24

james, i think it's going to be a difficult time for the president of the united states. it's going to depend on whether he is on the side of raising taxes or cutting spending. i think that he will have to make that decision.

14:40

frank, when you say he, who are you talking about?

14:43

i'm talking about the president of the united states. the president of the united states has the power of the purse.

14:48

frank, is there a chance that medicare part b will not go bankrupt in 2017, if the president of the united states decides not to raise taxes or cut spending?

15:00

james, that is exactly what i said. the president can decide to raise taxes or he can decide to cut spending.

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