The Post ran a major article telling readers that the value of the benefits they receive under Medicare will vastly exceed the taxes they paid into the program based on a new analysis from the Urban Institute. It then tells readers that many workers think that they paid for their Medicare benefits and:
"...that mistaken impression complicates the job for policymakers trying to build political support in the coming months for dealing with deficits that could drag the economy back down."
The idea that workers have paid for their benefits actually would be close to accurate if the U.S. health care system was anywhere near as efficient as the health care systems in other wealthy countries. The per person cost of care in these countries, all of which enjoy longer life expectancies than the United States, are less than half as much as in the United States.
It is great to see that the Post is worried that "mistaken impressions" by the public might complicate the work of policymakers. There are a whole set of mistaken impressions that it could try to combat rather than foster, starting with the idea that the budget deficit is somehow at the center of the country's economic problems.