Social Security and Medicare Crisis: Can we Expect Health Care Rationing and Later Retirement?
The Obama administration on Tuesday said:
Social Security will start burning cash in 2017 and will have wiped out its funds by 2037, four years earlier than prior projections.
Medicare, which is already operating in the
I think we can expect both rationing and later retirements.
When Social Security was introduced in 1935, the retirement age was 65, which exceeded the average lifespan of working people. Today, the average lifespan is close to 80 and the