Medicare and Social Security go-broke dates pushed closer due to rising health care costs, new SSA law

essentialsaltes said:

Medicare insolvency moves from 2036 to 2033. Social Security from 2035 to 2034.

Nancy Altman, president of Social Security Works, an advocacy group for the popular public benefit program said in a statement that “there are two options for action: Bringing more money into Social Security, or reducing benefits."

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Fantine said:

There are other answers. Look at these charts to see what all these other countries with universal health care are paying per capita--and the cost of living in some of these countries is higher.

List of countries by total health expenditure per capita - Wikipedia

en.wikipedia.org

Eliminate the middle man--insurance companies and the huge bureaucracies. Save red tape from the clinic level on up.

Obtain the same wholesale deals on drug prices that other countries (and the VA) does.

As usual, Bernie Sanders had it all figured out decades ago.

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Fantine said:

Creative thinking could definitely allow for more and better care for less money.
I also think we have too many nursing homes and this costs Medicaid and enormous amount of money. Some communities have Adult Day Care Centers. Our community used to but it is closed. The centers would allow the children in the sandwich generation to help care for their elderly parents at home. They could hold on to their jobs and still care for family. A family I knew cared for their elderly mother through Adult Day Care. Her son, who had a successful photography business, paid the fee for daycare. His sister, who was retired, had her days free and had some respite while she could care for the mom at night.

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Fantine said:

"Buying crypto" seems like extremely risky advice in comparison to the rest of your advice.
I have never been much of a "I am a rock, I am an island" kind of person. I am more of a "make the world a better place for everyone" person.
One of the experts I dislike most is Dave Ramsey. He's kind of a "rock/island" adviser, but he also tries to promote his own products to people who can ill afford them. To me, the most glaring example is do it yourself tax preparing. There are absolutely free federal and state programs out there--and until Trump took it away people could also do their taxes free online through the IRS. I use Cash App taxes and my taxes are reasonably complex. Ramsey doesn't need your fifty to a hundred bucks, and it is wrong that he tries to get it for tax programs.
We all need to realize we can't be rocks and islands--and a lot of the social safety net programs out there have historically created a strong, healthy middle class--which, unlike giveaways to the rich---create a rising tide that lifts all ships. There are also labor unions and fair labor laws, all good things that are so much better than becoming a survivalist.

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