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Aging Boomers Will Need Lots Of Care. We're Not Ready
Big Take
The Future of Social Security
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Social Security is a wonderful annuity, meaning that it pays an amount until you die. It's scheduled to start running out of money in a decade or so. Medicare was designed in 1966 to basically take care of people who need hospital care and need to see a doctor. The alternative is Medicaid, which is for people who are either very sick or are poor,. You can't always get into as nice a nursing home.
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highlights
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