Maybe the politicians will be ready in another twenty or fifty years.
Gross Medicare spending is projected to grow sharply from 3.7 percent of GDP in 2017 to 4.7 percent in 2027 and 5.9 percent by 2040. After that, it will grow more gradually to 6.2 percent by 2090. Spending growth is largely due to growth in the number of beneficiaries and per-capita health care costs.
The people responsible for solving this looming crisis—and for mediating what's sure to be a nasty debate over the future of both programs—spent yesterday acting like there is hardly anything more important than a bunch of rich jocks showing appropriate fealty to the president's opinions.
In other words, we are screwed.
I've got to quick go see my doctor.
For years he's had me on a health maintenance plan with the goal, he says, of keeping me alive until I'm 90.
Now I need him to ease back on the medicine and good living advice. I'm not sure my money will hold out that long.