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  • Is It A Crisis Yet? (spending on senior entitlements soaring)

    02/14/2008 6:23:32 AM PST · by jdm · 24 replies · 248+ views
    Captain's Quarters ^ | Feb. 14, 2008 | Ed Morrissey
    USA Today reports that spending on senior entitlements has risen 24% after adjusting for inflation since 2000. Despite no increase in the population percentage receiving benefits, the actual dollars spent on senior benefits in Medicare, Medicaid, and Social Security rose from $600 billion to $952 billion. Senior care has now become Job 1 of the federal government: The cost of government benefits for seniors soared to a record $27,289 per senior in 2007, according to a USA TODAY analysis. That's a 24% increase above the inflation rate since 2000. Medical costs are the biggest reason. Last year, for the first...