On Tuesday, the trustees for Medicare and Social Security reported dire projections for the major entitlement programs. Medicare is eight years away from complete collapse and Social Security will start losing money in seven years. So just how big of a crisis is facing these programs and this country? Why is Medicare a much worse and much more complicated problem? What’s the best approach to make it solvent again? And what is the best path to bringing the costs of Social Security under control as the Baby Boomers reach eligibility? We ask Bill Beach, Director of the Center for Data Analysis at the Heritage Foundation.
