Monday, December 18, 2006

Finally, new accounting rules are convincing some state governments to get their heads out of the sand about the cost of future medical benefits. Alas, one of the ways states are cutting costs is by shifting the costs to Medicare, which is in even worse shape fiscally.
The government's audited financial statement, released Friday, reported that Medicare's unfunded liability rose $2.4 trillion in 2006 to $32.3 trillion.

1 Comments:

Blogger Kent said...

Let's not kid ourselves. I'm 44; you're even younger. We have a decent shot at retiring with a little money of our own. Neither of us is ever going to see any Medicare or Social Security.

12/31/2006 2:38 PM  

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