US Medicare Costs Now 7.5% of GDP
October 4, 2035 - The US administration announced today that Medicare costs for this year will be 7.5% of GDP. This is the highest number ever and almost three times as much as 30 years ago. The reason for the increase is of course the aging population.
Five years ago, the youngest people born during the baby boom (a period of time with exceptional birth rates, from 1946, after the end of the Second World War, to 1965) reached age 65 and became eligible for Medicare. This year, Medicare provides coverage for 83 million people who are 65 and older or disabled.
The Medicare costs will continue to increase in the future, with another 10 million eligible by year 2055, with a total of 9.8% of GDP.
Argument: According to United States Department of Health and Human Services the costs for Medicare will be 7.5% of GDP by year 2035.
Questions: In 2077 there will only be two workers on every Medicare beneficiary, compared to four workers today, which will put a unprecedented pressure on the working generation. What kind of system is needed to take care of this problem?
April 12, 2040 - Although introduced in the market only five years ago, 10% of all hydrogen fuel now sold in the US is of the enviromental friendly Re-Hydro label, produced through electrolysis based on a source of 100% renewable energy.
April 5, 2030 - The international collaboration for the first manned mission to Mars presented today the final plans for the trip next year. Take off will be January 24 and after about five months in space they will land on Martian soil on June 28. The countdown for one of the greatest adventures ever has started.
March 13, 2025 - The latest efforts in getting in contact with the Voyager probes have not been successful and today it was officially announced that we have lost the contact with them forever. The last signal from Voyager 1 was received in November 2020 and from Voyager 2 in March 2020.
February 14, 2025 - Today is the release of the first home computer with the new 4 THz microprocessor, currently the highest performing processor available. Several analysts have doubted of the need of the 4THz processor for the home market, but the pre-sale for the last couple of weeks look positive according to the manufacturer.
January 19, 2035 - According to the latest statistics presented this week, 1 million hydrogen-fueled cars have now been sold in the US. The figures for last year show an increase in sales by 50% from 2033.
January 8, 2035 - With a first prize of seven million US dollar and the intriguing plot of trying to fool or outsmart Arnold, the most advanced artificial intelligence in public use, the much hyped live show “Fooling Arnold” became the people’s choice this Saturday.
December 20, 2030 - The launch yesterday of the virtual realistic-looking human newscaster from Simple News gained rave reviews. Others have made several attempts earlier, but this sends the live newscasters in to a pretty shaky future.
December 18, 2020 - This year shows strong growth for wind power when the total global installed capacity added a record 62,000 MW, making the total capacity more than 680,000 MW. Wind power is by far the renewable source with the largest growth in worldwide capacity during the last decade.
December 15, 2030 - There's no doubt what the most popular Christmas present will be this year. Influenced by the launch of the first manned mission to Mars next month, you will most likely get a present with stars, a gift card for a spacetrip.
Comments:
Medicare will be rolled into a combination program with Medicaid long before this and will be grandfathered and means tested. Eligibility will only come by age 70. Any one wanting access to cutting edge and quality care will be paying with cash or plastic, as in the next few years any capable physician is going to opt out of the overly regulated, underpaid behemoth of a Federal program. Future retirees should not plan on Medicare participation, and should have $500,000-$1,000,000 planed as retirement savings for their health care alone. They will be negotiating the payment at market rates.
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