As a major part of America’s population—us “Babyboomers—get closer and closer to another life crisis situation, there’re already storm clouds on the health & medical horizon.
We all know Social Security will be shot by the time many of us would need it, but in last Thursday’s USA Today, Federal Reserve Board Chairman Alan Greenspan and other budget experts were saying that Medicare is a larger growing problem than Social Security.
Medicaid, social security health benefits based on individuals’ financial needs rather than his/her employment history, is another battle, and an article in this morning’s Enquirer is describing how the nation’s governors are approaching that budgetary confrontation with Congress. “Medicaid costs have grown faster than inflation, “ the article says, “and is estimated to cost $300 billion this year… One out of every nine people in this country is on Medicaid.”
A related article on the issue was posted on the L.A. Times' site yesterday.
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