Yesterday former Small Business Minister Chris Bowen was on Sky News and said “Medicare is a sustainable system. We spent half what the United States spends on their health system for much better results.” This is not reflected in the facts. The Medicare system we inherited from Labor was growing at an average annual growth rate over the next decade of over 6% a year. These numbers are not just confirmed by the Treasury, but also by the Independent Parliamentary Budget Office. The cost to the taxpayer of the Medicare system has doubled in the past decade, and now costs the Government around $20 billion a year. This is yet another problem that we have to fix. We have a plan to fix it, and we will becasue we can not afford to leave a debt legacy for our children. This is just another example of Chris Bowen and his bad track record with numbers. He was never good at numbers and we saw that in the 519,000 jobs lost across small business during the Rudd/Gillard/Rudd Government.
Posted on: Thu, 22 Jan 2015 20:42:00 +0000
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