Yikes! You thought a $4 Trillion problem was big. You haven't seen anything yet. A new article on CNN Money sheds light on the $34 Trillion Medicare problem looming on the horizon. What's the dilemma? Well as the article puts it "Sometime in the next President's first term, Medicare Part A (hospital insurance) will go cash-flow-negative, and it's all downhill from there." Yikes! That soon? Well think about this one "they show that if Medicare had to be accounted for like a company pension fund, it would be underfunded by $34 trillion."
Monday, August 11, 2008
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