Wednesday, March 19, 2003

Mediscary Stats

From a report of The Boards of Trustees for Medicare to the Congress on the future of Medicare:

2002 - 7.8 percent of total federal INCOME taxes used for Medicare
Part B (clinic visits, outpatient care)
2077 - 32.7 percent of total federal INCOME taxes used for Medicare Part B

2003 - 6.8% withheld from Social Security payment for Medicare Part B
2020 - 12.4% withheld from Social Security payment for Medicare Part B

2003 - about 4 workers for every Medicare Part A (hospitalization) recipient
2077 - about 2 workers for every Medicare Part A (hospitalization) recipient

2003 - Medicare costs are 2.6 percent of gross domestic product (GDP)
2035 - Medicare costs are 5.3 percent of gross domestic product (GDP)
2077 - Medicare costs are 9.3 percent of gross domestic product (GDP)

What does this mean for the average Joe Six Pack or Sally House Coat out there? According to the Citizen's Council on Health Care (CCHC):

"Everyone under the age of 50 should be prepared for a future without Medicare".

Well, at least we'll have our Social Security to fall back on right?

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