 On our list of 12 facts that expose dangerous health care myths is fact number eight. Medicare is an unconstitutional Ponzi scheme. When it took effect in 1966, 19 million people who'd never paid a dime into it got free care. There were nearly five workers for every Medicare recipient. By 2030, that number will be cut in half. A Ponzi scheme is generous to the first ones in and stingy to later entrants.