Happy 50th birthday, Medicare! In just 15 years, you’ll qualify for federally funded health insurance. Well, maybe. The fiscal situation of the program is growing increasingly delicate, so don’t hold your breath.
On this monumental occasion, one is reminded of a quip so often found in birthday cards: Growing old is mandatory. Growing up is optional.
This may seem like a passing wisecrack, but there’s a deep truth lurking beneath the humor. And it applies well to Medicare: The program has grown old, and it’s time it grows up. ...