In the media today, it is tough to find an objective source of information. You may have noticed that I am very interested in non-partisan reports, and I try to keep our blog updated with my perspective on these reports.
About a month ago, the Medicare Board of Trustees Report was released which showed a projected depletion of the Hospital Insurance fund by 2028. You can find my article here related to this report.
CBO 2016 Long-Term Budget Outlook
Last week (July 12, 2016), the non-partisan Congressional Budget Office (CBO) released the Long-Term Budget Outlook, which is a broader report that shows similar concerning trends. •
Here are a few of the key takeaways directly from the recent CBO Report.
This strong language is from a non-partisan CBO report. This is not a scare tactic from one side of the aisle. We need this to be one of the top issues that are policy makers are focusing on after the election. Medicare & Social Security are two great benefits in this country – but we need policy reform initiated ASAP to keep these systems financially viable for generations to come.
I am always curious to get people's perspectives on these key issues. Is this economic projection blown out of proportion or is it a major risk? What are some suggested solutions? I presented a few solution paths in my last article on the Medicare Board of Trustees Report, . Feel free to share your thoughts on our blog.
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