| Status of the Social Security and Medicare Programs: A Summary of the 2007 Annual Reports
Social Security and Medicare Boards of Trustees, April 23, 2007, online edition
Social Security and Medicare both present daunting fiscal challenges, though Social Security’s is far more manageable analytically and dollar-wise. Their fiscal problems are driven by inexorable demographic change and, in the case of Medicare, relentless increases in health care costs, and are not likely to be greatly ameliorated by economic growth or mere tinkering with program financing. Prudence dictates action sooner rather than later to address these fiscal challenges.
Go to the report at:
http://www.ssa.gov/OACT/TRSUM/trsummary.html
C28/03-07. Posted May 12/07
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