Medicare/Medicaid spending projected to be $2.2 trillion by 2025, another 900 billion per year of tax revenue needed (statistics, dollars)

[lovecrowds]

https://www.cms.gov/Research-Statist...Projected.html

chrome-extension://bpmcpldpdmajfigpchkicefoigmkfalc/views/app.html

According to these projections, looks like the government will need another 900 billion a year for Medicare and Medicaid in just 8 years.

Oddly, commercial insurers costs are projected to only increase by 534 billion dollars considering 145 million employees, which means that costs will go up about $3,500 per employee.

[G1..]

8/2/2017

[Beach Sportsfan]

Those numbers are being driven in part by the growing number of US seniors reaching retirement age.
Since our working age population is growing at a lower rate.

There are less working age Americans to pay into system while there are larger numbers drawing out of it.

[Frank DeForrest]

Originally Posted by Beach Sportsfan

Those numbers are being driven in part by the growing number of US seniors reaching retirement age.
Since our working age population is growing at a lower rate.

There are less working age Americans to pay into system while there are larger numbers drawing out of it.

Yes its typicaly how a ponzi collapses

[Frank DeForrest]

Originally Posted by Sketches of Spain

Rich people are laughably undertaxed in this country. Get the money from them.

And yet the fed guv skims record amounts of cash evey year. But its not greedy right?

[Delahanty]

And they're tossing Medicare, to which beneficiaries contributed, in with a handout program because....?

[genesiss23]

Originally Posted by Delahanty

And they're tossing Medicare, to which beneficiaries contributed, in with a handout program because....?

They are regulated by the same agency, CMS. They share the same basic legislation.