I saw on tv today that Medicare had stated that they moved their run out of money date back by one year to 2019 (vs 2041 for SS).
People here talk about planning for less SS but seem to talk in terms of paying health insurance until Medicare kicks in.
If Medicare is projected to run out in 2019, shouldn't some skepticism be applied to the portion of health insurance medicare will take care of?
I saw some other show that was speculating that in 20 or so years there will be some pretty spectacular advances in health care technology (see books by Ray Kurzwiel). However the price for this will be immense. They speculated that 25% of income would go for health insurance - but not having it would be a virtual death sentence if you needed organs regenerated or ateries scrubbed by nanobots.
I guess this is really two topics, but both seem to lead to worries that we are not building in enough for health care costs - especially future exotic stuff. Maybe LTC costs might switch to being spent on future exotic technology.
People here talk about planning for less SS but seem to talk in terms of paying health insurance until Medicare kicks in.
If Medicare is projected to run out in 2019, shouldn't some skepticism be applied to the portion of health insurance medicare will take care of?
I saw some other show that was speculating that in 20 or so years there will be some pretty spectacular advances in health care technology (see books by Ray Kurzwiel). However the price for this will be immense. They speculated that 25% of income would go for health insurance - but not having it would be a virtual death sentence if you needed organs regenerated or ateries scrubbed by nanobots.
I guess this is really two topics, but both seem to lead to worries that we are not building in enough for health care costs - especially future exotic stuff. Maybe LTC costs might switch to being spent on future exotic technology.