Significant Presidential Election Year Question – how will the Executive branch of the Federal Government convince the Legislative branch to solve this inequation ——————————————————————————————————
Money received for Medicare from employment during an individuals lifetime = $120,000 vs Money paid for Medicare benefits during an individuals lifetime = $350,000. When multiplied by 70,000,000 Boomers now reaching Medicare eligibility the country cannot sustain this INEQUATION. The unfunded difference is over $14,000,000,000,000 i.e. trillion dollars. The total US debt today is slightly above $15,000,000,000,000 i.e. trillion dollars. Sources – Urban Institute and the US Debt clock.
Money received for Medicare from employment during an individuals lifetime = $120,000 vs Money paid for Medicare benefits during an individuals lifetime = $350,000. When multiplied by 70,000,000 Boomers now reaching Medicare eligibility the country cannot sustain this INEQUATION. The unfunded difference is over $14,000,000,000,000 i.e. trillion dollars. The total US debt today is slightly above $15,000,000,000,000 i.e. trillion dollars. Sources – Urban Institute and the US Debt clock.