I just came back from the annual meeting of American Association for Medicare Supplement Insurance in Miami FL. Some great speakers and presenters. Some initial takeaways.
1. Medicare is in deep, deep trouble. It is a broken system that is unsustainable. Baby boomers are flooding the system. We are living longer. We are utilizing Medicare (we are not dying as quickly as our parents did, we demand much more costly treatment) substantially greater than previous generations. We are entering the system generally sicker and heavier users than previous generations (think obesity, diabetes high blood pressure, high cholestrol, etc.)
So, what does all this mean? First, our elected officials need to get their act together and actually lead! Extremely hard decisions need to be made in modifying the Medicare system. Check out my website, www.mymedicareadvisor.com for more detailed information.
1. Medicare is in deep, deep trouble. It is a broken system that is unsustainable. Baby boomers are flooding the system. We are living longer. We are utilizing Medicare (we are not dying as quickly as our parents did, we demand much more costly treatment) substantially greater than previous generations. We are entering the system generally sicker and heavier users than previous generations (think obesity, diabetes high blood pressure, high cholestrol, etc.)
So, what does all this mean? First, our elected officials need to get their act together and actually lead! Extremely hard decisions need to be made in modifying the Medicare system. Check out my website, www.mymedicareadvisor.com for more detailed information.
