Chapter 12. Social Security and Private Health Care: Dead But Not Buried
Social Security and our private health care system, financed by health insurance, have a great deal in common. Both involve a flow of money going in and a flow of money going out. As long as the flow of money going in exceeds the flow of money going out plus the expenses of operating the system, things are good. Both Social Security and our private health care system depend on large young generations to provide the money that flows in so the money flowing out meets the needs of older generations. In the United States we have a diminutive Generation X following a huge aging Boomer Generation. In other words, we have a problem—a big problem.
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