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Home Publications Blogs Beat the Press The WSJ Invents a Spike in Social Security Costs

The WSJ Invents a Spike in Social Security Costs

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Monday, 14 February 2011 06:16
The WSJ referred to, "a future spike in the projected costs of Medicare, Medicaid, and Social Security." While the costs of Medicare and Medicaid are projected to rise rapidly due to rapidly rising private sector health care costs, the cost of Social Security is projected to increase only modestly. Furthermore, according to the Congressional Budget Office, the higher cost of Social Security will be fully covered through the year 2039 by the Social Security trust fund.
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A modest 80% for SS and a rapid 96% for Medicare?
written by AndrewDover, February 14, 2011 6:31
2010, 2021, Program, % Increase

701 1267 Social Security 80% modest
520 1021 Medicare 96% rapid
273 587 Medicaid 115% rapid

2010 is actual, 2021 is projected by CBO.
Yearly cost in $ billions

[url=http://www.cbo.gov/ftpdocs/120xx/doc12039/BudgetTables[1].pdf]http://www.cbo.gov/ftpdocs/120xx/doc12039/BudgetTables[1].pdf

Spike in Medicaid, Medicare, and Congressional Salaries
written by Robert Baillie, February 14, 2011 7:04
If they said, "Spike in Medicaid, Medicare, and Congressional salaries", that would be accurate, too!

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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