Aging Population Means Increased Medicare Recipients and Growing Health Care Costs

"It only makes sense that as baby boomers age they will be taking advantage of Medicare and Social Security, the programs that were designed to help them in their twilight years," suggests Alan Weinstock, insurance broker at MedicareSupplementPlans. "The difficulty is that it appears that the number of households that have accessed the retirement and health programs has grown rapidly due to the large number of retirees." Future Medicare and Social Security Costs Projected in 2000 Back in 2000, the Congressional Budget Office (CBO) projected there would be a fiscal shortfall in both programs due to the...