The Market Ticker - The Fiscal Reality of "Kill Granny"
Folks, how many times do I have to explain this?
Medicare is blowing up. Right here, right now.
For the first six months of the 2020 Fiscal Year, which ran from October 2019 -> March of 2020, CMS (Medicare and Medicaid) spend was up 6%. This is on the lower end of the “you’re screwed” boundary I’ve pointed out for a long time, and one that inevitably will destroy the federal budget because it exceeds the real growth of GDP. It cannot be fixed because the unfunded portion is close to 80% on a cash basis, unlike Social Security which has a smaller but real unfunded portion.
Speaking…….
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Source: https://market-ticker.org/akcs-www?post=242219
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