Medicare Direct Digital Currency (MDDC) is made possible by using The Centers for Medicare & Medicaid Services (CMS) for Central Control, Baseline Budgeting, Progressive Investment Tax, and depositing funds at the U.S. Treasury. One should not allow the word “tax” to be confusing. Paying into Medicare should be thought of as more of an investment. Think of Medicare as a ‘Health Savings Account (HSA)’ because all the contributions will be reclaimed if one becomes disabled or retires, whichever comes first. It is also a medical insurance policy because it will be available when needed.
The term ‘Going Direct’ was coined by Globalist oligarchs when high-tech advancements created the ability for a Central Bank Digital Currency (CBDC). This type of global currency enables Central Bankers to track transactions for many purposes, including taxation. The oligarchs frequently meet in Davos planning various versions of the New World Order (NWO). Part of that plan is to stop using paper, coined money, and create a new digital currency. That may not sound intimidating; however, considering the added function of tracking every transaction makes the idea appear highly invasive. However, rest assured, the proposed Medicare Direct Digital Currency (MDDC) system, unlike the self-serving lunatic Central Bankers’ plan, is designed with your privacy and security in mind.
Medicare as a Healthcare Savings Account
Using the same idea as the CBDC, the current Medicare program using the ‘Medicare Direct Digital Currency (MDDC)’ system could be completely revamped. The MDDC is much more plausible because it streamlines the old system. The CMS is already charged with administering the program and would only need to implement a proper infrastructure. The newly created ‘FedNow’ infrastructure makes this revamping a simple solution to reduce the red tape.
With a new infrastructure available through the ‘FedNow’ service currently being implemented across the country, all that is required is the ‘Will of The People.’ Your voice and your choice matter. Click on the link below to see how the FedNow service works and be part of this transformative process. Your active participation is not just encouraged, it is crucial in shaping the future of healthcare finance and government policies. Your involvement is what will make this change possible.
To grasp this concept, one must first accept the fact that the only way to enrich Medicare is for ‘We the People’ to get in the fight. As a conservative, there is knowledge and understanding what other conservatives imply when the words are stated like, “the government has no business controlling retirement programs” or “no new taxes”. However, the only alternative to this dilemma is no healthcare at all, reduced benefits, or a takeover from the private sector. Unfortunately, the private sector seems to be more risky, corrupt, and greedy. Also, these oligarchs already control ninety percent of the world’s wealth, see Blackrock, Vanguard, and State Street.
Here are some realities about income tax, Medicare, and Social Security (Entitlements) taxes. Income tax is a progressive tax built on the federal government accounting procedure called Baseline budgeting. Baseline budgeting uses current spending levels as the “baseline” for establishing future funding requirements. It assumes future budgets will equal the current budget times the inflation rate times the population growth rate. Current entitlement budgets disregard population growth rates and manipulate inflation rates negatively, which helps create revenue shortfalls.
Changing the Mindset on Taxes
Most people mistake the term ‘taxes’ that fund these entitlements as putting more money into the government coffers but that is just not so. Why? Medicare is funded with two trust funds, the hospital insurance (HI) trust fund, also known as Part A of Medicare, and the Supplemental Medical Insurance (SMI) trust fund which finances two voluntary Medicare programs: Part B, which mainly covers physician services, and Part D, the newer prescription drug program. These taxes should be thought of as ‘Investments’ like those that a person may contribute to in a company sponsored HSA. The HSAs are used when a person is still working but are dissolved after retirement. That makes Medicare the only source for healthcare once disabled or retired.
The Medicare trust fund finances health services for beneficiaries of Medicare, a government insurance program for the elderly, the disabled, and people with qualifying health conditions specified by Congress. The trust funds are currently financed by payroll taxes, general tax revenue, and the premiums an enrollee will pay. As one can visualize, the general tax revenue does help cover some of the costs associated with Part B and that is where much of the confusion comes from. Under the new MDDC plan, these taxes would be repealed and replaced with a progressive income tax (investments) thus, taking all Medicare funding off the general ledger.
How it Works
Medicare is a mess as illustrated in a prior blog titled, ‘Medicare, Healthcare, or Insurance Scam?’ so no need to reiterate that information again.
This blog provides a simple idea to Medicare that will sever the long arms of the federal government by taking it completely out of the general ledger and putting control of these funds in the hands of CMS. Like Social Security funds, all Medicare financial accounts should be stored at the U.S. Treasury.
A central processing structure would eliminate the ‘Red Tape’ and the need for insurance companies within Medicare via FedNow. FedNow eliminates the go-between or insurance companies. Eliminating insurance companies means payments would pass through from the U.S. Treasury straight to the point of purchase. Ones’ Medicare Card would act just like a debit or HSA card. Medicare payments can be made instantly from the CMS to the service provider with the Medicare Card provided by the patient.
A progressive income tax structure would render Medicare stable and fully funded for infinity so long as it too is connected to the Baseline budgeting procedure as mentioned above. Funding accounts would be the same for most people as they are now, meaning no increase. For those making over $80K, a modest progressive tax would take effect moving higher with each level like the structure of income tax as shown in the illustration above.
Currently, the effective tax rate for Medicare in 2023 on wages earned is set by statue at 1.45 percent for employees and employers each, and 2.90 percent for self-employed persons. Implementing a progressive income tax that 1.45 percent would increase one half of one percent .05% or from 2.90 percent to 3 percent for income above $80K, and one full percent bringing it to 4 percent for incomes over $500K. That increase and the change from taxing wages to taxing incomes would only affect the top twenty-five percent of incomes and those who have been evading the tax because of the type of income. In other words, it would likely be the wealthiest in the population.
What Revamped Medicare Looks Like
What would the result of implementing the MDDC be? It would provide all Medicare card holders with the comfort of what amounts to a Healthcare Savings debit card. Now a person’s Medicare Card would be all that is necessary for the doctor or any medical facility or hospital. Thanks to the new progressive tax structure, every Medicare recipient is covered for all medical expenses 100% no questions asked, no other insurance necessary, no complicated forms to fill out, no decisions to make in choosing the proper insurance options, no copayments, no deductibles, no overcharges, no out-of-pocket cost whatsoever, and most of all, no more worrying about the liquidity of the programs.
Conclusion
There is no need to continue the old process of enforcing long avenues for doctors, medical centers, or hospitals to get approval for services and then pray that payment is approved and paid within ninety days. To bring Medicare into the 21st Century, all that is necessary is Medicare Direct.
That is a brief, simple explanation of how to turn Medicare into the type of healthcare a great nation like the United States ought to be and by the way, this same scenario works for Social Security, as well.
To be honest, no politician is going to push this type of action on his/her own. Why? Because that would mean increasing taxes on the biggest donors, losing control of the money currently misappropriated in the general ledger, and having to act on behalf of the people instead of a specific political party. The only way to turn Medicare into a real benefit is to get involved by demanding action using the solutions outlined here.
Please, for ones’ own good and the good of any family and future recipients, share this blog and start the process rolling before the children and grandchildren are left to revert-back into the ‘Great Depression’ era with no healthcare for the elderly and disabled.
My next blog will answer the question, what is inflation.
https://www.frbservices.org/financial-services/fednow/about.html
