“We Project a $242 Billion Surplus for Medicare by 2020. Not a Deficit.”
People are living longer and are retaining their ability to be productive members of society – they are able to work, pay taxes, consume goods and go on vacation.
But a lot of projections by the government of the future work force are not accounting for improved health and productivity of older Americans. People will be paying into government programs, such as Medicare, for a longer time while simultaneously delaying the point where they need to draw on those programs.