Jan 12
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Medicare’s Future An Important Economic Issue For Baby Boomers
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The AP (1/2, Alonso-Zaldivar) reported, “With more than 1.5 million baby boomers a year signing up for Medicare, the program’s future is one of the most important economic issues for anyone now 50 or older. Health care costs are the most unpredictable part of retirement, and Medicare remains an exceptional deal for retirees, who can reap benefits worth far more than the payroll taxes they paid in during their careers.” However, “Medicare’s giant trust fund for inpatient care is projected to run out of money in 2024.” What’s more, “researchers estimate that 20 to 30 percent of the more than $500 billion that Medicare now spends annually is wasted on treatments and procedures of little or no benefit to patients.”
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