MARTY’S TIDBIT OF INFORMATION
You can see why our labeled “entitlement” programs are in trouble. The decrease in labor participation force does not bode well for the existence of these programs in their current state. This is not new, or shocking, news. However, 50 years without a change in the age seems a bit ridiculous…same with social security.
Medicare is in its 50th year in 2014, having begun in 1965. The age of eligibility for Medicare was 65 in 1965 and remains at age 65 in 2014. Life expectancy has increased by +8.4 years over the 50 year period.