AP: Baby boomers, who will be qualified for Medicare on January 1, worry that they will outlive Medicare. It is a very real worry. From the AP report:
"Here's the math: when the last of the boomers reaches age 65 in about two decades, Medicare will be covering more than 80 million people. At the same time, the ratio of workers paying taxes to support the program will have plunged from 3.5 for each person receiving benefits currently, to 2.3."
At that point in 2028, there is no way that Medicare can be like it is today.
Wednesday, December 29, 2010
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