Medicare
Medicare is a national social insurance program, administered by the U.S. federal government, that guarantees access to health insurance for Americans ages 65 and older and younger people with disabilities as well as people with end stage renal disease. Medicare offers all enrollees a defined benefit. Hospital care is covered under Part A and outpatient medical services are covered under Part B. Medicare Part D covers outpatient prescription drugs. According to the 2012 Medicare Annual Report, the Trustees project that Medicare costs will grow substantially until Trust fund exhaustion occurs in 2024. This model is obviously in need of urgent repair.
Demography as Destiny: The Vital American Family
1/11/13
The decline in family formation has serious implications for the economy and nation as a whole.
from NCPA,
1/11/13:

While conservatives and liberals use this issue to drive a political wedge in the country, a serious discussion needs to take place in order to prevent the country from slipping into an existential crisis, says Joel Kotkin, executive editor of NewGeography.com and a distinguished presidential fellow in urban futures at Chapman University.

Before the 2008 collapse, U.S. fertility rate was at 2.12. Since then, the fertility rate dropped precipitously to 1.9 per woman. By 2050, the ratio of workers to retirees will rise by 50 percent to about 35 retirees per 100 workers. This poses a threat to the economy as fewer people can fill the demand for labor and pay into the government to help retired citizens.

The problem is present worldwide. One of the large reasons for declining birth rates revolves around the progressive movement taking hold in many developed nations. Many progressives celebrate being single and living in dense urban areas that discourage having children.

In addition to that, modern capitalism has also created conditions that discourage child-bearing. Individuals are forced to work long hours and are often forced to choose between a career and having a family. Low-wage workers are even more hard-pressed to have a family because of how expensive it can be. The poor economy has created depressed feelings about the future that make people reconsider marriage and childbirth.

Read More: NCPA



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