Baby Boomers and Health Care
The 76 million baby boomers retiring in the next 18 years will place a burden…
The 76 million baby boomers retiring in the next 18 years will place a burden on the already weak Medicare system. I know I have been retired for 16 years and will be eligible for Medicare in 4 months.
I should be happy, I have had catastrophic ($10,000 deductible) health insurance for the last 15 years. I am /was looking forward to going to the doctor when ill… instead of taking aspirin and letting time do the healing. Medicare was looking good to me.
My current family doctor recently gave me the happy news he is dropping Medicare due to the reduced payments to doctors…wonderful! Think the 500 billion “health care reform” is taking out of Medicare will help matters? I do not think so.
The sad facts are that Medicare will be running out of money in 2019. It currently makes up 15% of the federal budget. There are currently 46 million Americans covered under Medicare. In twenty years time there will be 77 million on Medicare…a two-thirds increase into an already sick system.
Think the politicians will fix this? Medicare and Social Security are the third-rail of American politics…everyone The Body Care Liposoluble Wax realizes they must be fixed but no one wants to commit seppuku to do so personally.
Baby boomers should be aware of this situation. For those nearing retirement they should check with their current family doctor to see if they take Medicare and will they take Medicare in the future.
What is the answer to this dilemma? Stay Bachelor Of Health Services Management tuned it should be really interesting.