Archive for January 2013

We Cannot Afford our Health Care System

If a picture is worth 1000 words then this should make the situation crystal clear.

The basic rule of economics is “money in must be bigger than money out.”

 

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Over 5000 people a day are beginning to collect Social Security and utilize virtually unlimited health benefits.

These people are expected to live at least 20 years more than the Social Security system was designed to support and utilize healthcare services not possible to envision even 10 years ago.

The United States no longer has a birth rate that can produce enough workers, i.e. taxpayers, to support the system.

Congress can yell and scream all they want and ignore the problem but clearly we cannot pay for the health care system and still survive as an economy.

 

(credit for graphs to It’s a Spending Problem by Yuval Levin, National Review Online,  January 2, 2013).

 

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