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Thursday, March 11, 2010
Time for Grown-up Talk
Southern Maryland Online
Commentary by Ron Miller
[...]
The predicted costs for Medicare, Medicaid and the State Children’s’ Health Insurance Program were estimated at a cumulative $80.4 billion. They were off by $171.4 billion - the actual costs are $251.8 billion and continuing to climb.
According to the trustees of the Medicare program, the Medicare hospital trust fund will become insolvent by 2017, and Medicare has an unfunded liability of $36 trillion over the next 75 years.
We are out of money.
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