April 6, 2005

Why is Tommy Thompson Sad?

Michael F. Cannon:
Finally, Thompson voiced his regret just one day after Medicare's trustees announced that the drug benefit by itself has an unfunded liability 60 percent larger than that of the entire Social Security program. (The unfunded liability for all of Medicare is nearly six times that of Social Security.) Medicare's financial outlook has grown so dire that its two public trustees broke with the trustees who are members of Bush's Cabinet to say that it is in far worse shape that Social Security.
Posted by James Zellmer at April 6, 2005 8:19 AM | Subscribe to this site via RSS:
Posted to Health/Fitness | Politics | Taxes