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Elon Musk is coming for Medicare, Social Security

www.huffpost.com Yes, Billionaire Elon Musk Is Coming For Your Money Now Too

For all their vows to cut "waste and abuse" in entitlements, they seem oddly reluctant to go after an obvious target.

Yes, Billionaire Elon Musk Is Coming For Your Money Now Too

Summary

Elon Musk announced plans to cut federal entitlement spending, claiming without evidence $500-700 billion in annual "waste and fraud" from programs like Medicare and Social Security.

Analysts dispute this figure: “There is not $500 to $700 billion of waste in benefit programs every single year ― that number is absurdly large.”

True inefficiencies lie in Medicare Advantage. Insurers overcharge the government by $80 billion annually, with government auditors finding it costs 20% more than traditional Medicare.

However, the Trump-Musk administration's approach of closing regional HHS legal offices and appointing TV doctor Mehmet Oz to oversee Medicare suggests they may target entitlements themselves rather than merely addressing inefficiencies.

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