Monday, May 7, 2007

UPDATE 1-US Medicare funding projections too small-Greenspan

(Reuters) - "We cannot realistically expect that we are going to find some magical formula" to fund Medicare, the former central bank chief said at the annual membership meeting of the American Hospital Association.

He also warned that demographics were such that there would be too few workers to fund entitlements for the retiring "baby boomer" generation.


Read more at Reuters.com Economic News

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