Tag: Medicare
Should Medicare long-term expenditures be included or not? Finding a way to pay for long-term care is one of the major challenges for achieving security in retirement. As long as people are fearful that they will need their money to cover long-term care needs toward the end of life, they will be reluctant to draw…
Federal Medicare spending will increase sharply as baby boomers, with their longer life spans than previous generations, sign up in droves. The Social Security Trust Fund also reports that its reserves will be depleted in 2034, requiring either benefit cuts or new revenues to replenish a program that keeps millions of older Americans either out…
