Speaker Ryan gets vilified because he wants to “cut SS, Medicare, & Medicaid” or more accurately reign in the costs. You may agree or not, but if not, do you care about the rampant participant and provider fraud and errors that waste money?
12% of all Medicaid spending is fraud. Between Medicare and Medicaid the fraud is in the tens of billions of dollars each year; some sources say nearly $200 billion in combined losses. And both are open ended; there are no spending limits. And of course, there are those honest Americans who hide their assets so that Medicaid will pay nursing home bills. There are lawyers who specialize in that effort.
Social Security is another matter, it’s just running out of money; period. But even there fraud is no small matter, but much subtler. Social Security disability has its own problems. In 2009 claims spiked and again in 2010 and 2011. People ran out of unemployment benefits for which you were supposed to be able and willing to work and immediately turned to SSD for which you are not able to work. Once on disability few people get off; an average of about 8% over the last 12 years. In 2003 there were 5.3 million on SSD in 2017 there were 8.7 million (of which most were also receiving Medicare).
SO THIS IS THE QUESTION. Do we care about any of this? If yes, what do we do? If no, then we simply keep increasing the national debt or taxes on all Americans thereby making it more difficult for many Americans to take care of their own financial futures.