Senior benefit costs rise 24% since 2000
The cost of government benefits for seniors soared to a record $27,289 per senior in 2007, according to a USA TODAY analysis.
?Medicare experienced the most explosive growth from 2000 to 2007. The Medicare prescription drug benefit, started in 2006, accounts for about one-fourth of the increase in Medicare, which provides health benefits for people 65 and older.
gee whose idea was that?
?The cost of senior benefits is equal to $10,673 for every non-senior household.
About the same as yearly income of people working 40 hours a week at the old minimum wage of $5.15.
?About 35% of the federal budget is spent on senior benefits, up from 32% in 2004.
At that rate it'll be 50% in 2022.
http://www.usatoday.com/news/nation/...-seniors_N.htm