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Get older, they get sicker and incur more costs. >> the amount of resources already committed to public insurance is very, very high and growing. and as the population ages and your more people going into medicare and medicaid, we are on the verge of a cost explosion for the federal government. >> it's not just medicaid, estimated 574 billion in 2016 or medicare, 690 billion. social security ranked highest among entitlements at 910 billion. in the future, medicare faces close to $50 trillion in unfunded liabilities. that doesn't factor in the threat of rising interest rates. >> under current p...

Incur more costs. >> the amount of resources already committed to public insurance is very, very high and growing. and as the population ages and your more people going into medicare and medicaid, we are on the verge of a cost explosion for the federal government. >> it's not just medicaid, estimated 574 billion in 2016 or medicare, 690 billion. social security ranked highest among entitlements at 910 billion. in the future, medicare faces close to $50 trillion in unfunded liabilities. that doesn't factor in the threat of rising interest rates. >> under current projections given very low inter...