Poster
03-24-2004, 10:43 AM
A new report suggests that the new Medicare program may run out of cash by 2019. That’s after you factor in the rising costs of health coverage and prescription drugs, along with the number of baby boomers who will begin collecting benefits in the next ten years. Unless some sort of proactive legislation is introduced to correct the flaws in the original, the nation’s aging boomers may be all out of luck.
“The latest numbers demonstrate the need for "timely and effective action to address Medicare's financial challenges," the report said. In just two years, the projected bankruptcy date for Medicare has been advanced from 2030 to 2019.”
“The report provided vivid evidence for experts' predictions that, even more than Social Security, Medicare looms as the primary threat to the federal government's financial stability once the 76 million baby boomers begin their retirements.”
To read more go to: http://www.modbee.com/local/story/8330218p-9161975c.html
“The latest numbers demonstrate the need for "timely and effective action to address Medicare's financial challenges," the report said. In just two years, the projected bankruptcy date for Medicare has been advanced from 2030 to 2019.”
“The report provided vivid evidence for experts' predictions that, even more than Social Security, Medicare looms as the primary threat to the federal government's financial stability once the 76 million baby boomers begin their retirements.”
To read more go to: http://www.modbee.com/local/story/8330218p-9161975c.html