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Saturday, October 03, 2015

The Looming Medicaid Time-Bomb

From 1985 through 2011, an average 11.7 percent of seniors were enrolled in Medicaid, primarily for long-term nursing home or home and community care, according to data compiled by the Centers for Medicare and Medicaid Services (CMS) and the Bureau of Labor Statistics.

Keep that stat in mind, because if it remains true, as the Baby Boomers progress through old age, by 2030, as many as 8.7 million seniors could be enrolled in the program, up from 4.6 million today, an Americans for Limited Government analysis of the data reveals. By 2035, that figure could rise to about 9.3 million.

And it will drive the costs of the program to the moon, particularlythe costs for long-term nursing home and home care targeted at elderly and the physically disabled, which stood at $88.85 billion in 2013. Why?



Anonymous said...

I'll be 79 years old in 2035. The generation called millennium will not support this system. This will be the time when the elders will be push from the mountain top. Mark my word. Hell, kids are killing their parents now for their parents inherit today. Do you really thank this generation will care for us once we become old. I don't think so.

Anonymous said...

Wow. You must not have much faith in your kids.. I know I will take care of my parents.

Anonymous said...

I don't. Some of us don't have kids.