The single greatest threat to the fiscal health of the UnitedStates is the runaway growth of the nation's major retirement andhealth care entitlement programs.
Today’s seniors are facing higher Medicare costs. Over the next five years, current law, as amended by the Patient Protection and Affordable Care Act, already guarantees higher out-of-pocket costs for seniors.
Medicare Advantage (MA), a system of competing private health plans, is the major alternative to traditional Medicare for America’s large and growing cohort of seniors.
Before we were told not to worry about inflation, we were told not to worry about federal debt and deficits. (In many cases, the same people did the telling.) But debt and deficits, like inflation, don’t care what we were told and continue to be told. Their impact isn’t subject to the intellectual whims of the day, even if those whims are expressed by EconTwitter. It’s hardly unreasonable to raise an eyebrow, maybe both eyebrows, at this: