Health Care Costs are Killing Us

Since Mom’s moved in, I’ve helped her find new doctors and pharmacists, get her prescriptions filled, and search for answers to her medical questions. Health care is her biggest concern. Yet there’s one thing she doesn’t have to worry about … her health care benefits are paid for by Medicare.

There’s a new study out that issues a warning. It says that senior healthcare bills and social security benefits have sapped the U.S. national savings, creating an unhealthy and unsustainable economic future.

No kidding. The question is: what are we going to do about it?

With more aging baby boomers, Medicare costs are going to continue to skyrocket. At the same time, you’ve got a political movement afoot that wants less government and taxes, but wants President Obama to “keep his hands off my Medicare.” (I saw this sign during the president’s visit to Raleigh to discuss health care. Kind of ironic).

So what do we do about it? Senior citizens vote. I urge you to ask candidates for Senate and Congress how they are going to balance these issues. For instance: If you want to extend tax cuts, how are you going to bring in more revenue? Or will you curb entitlement programs? Which ones and how much?

It’s obvious that we can’t continue to have it both ways. And if we don’t start taking this issue seriously, come 2029 there simply won’t be any money to fund Medicare. I’ll be 73.

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