The private system truly doesn't work when it comes to health insurance and even health care. We KNOW it doesn't work when it comes to education, but Obama is a neolib or "economic libertarian," so it shouldn't surprise anybody his policies are shit.
What we now call Obamacare was conceived at the Heritage Foundation, a conservative think tank, and birthed in Massachusetts by Mitt Romney, then the governor. The president took Romneycare, a program designed to keep the private insurance industry intact, and just improved some of its provisions. In effect, the president was simply trying to put lipstick on the dog in the carrier on top of Mitt Romney’s car. And we knew it.
By 2017, we will be funneling over $100 billion annually to private insurance companies. You can be sure they’ll use some of that to try to privatize Medicare.
Sure, they are going to try and repeal Medicare even when the reason Medicare was created in the first place was because seniors couldn't get affordable health care, let alone insurance, because they happen to have health problems, just like old cars are more likely to have mechanical problems.
When you have too many miles on you, you fall apart, and you need an affordable mechanic to be able to fix you up again.
Privatizing Medicare would be a license to kill. Period.