For Health Insurance Exchanges to Work, We Must All Be Actuaries and Fortune Tellers

By: Monday May 23, 2011 12:30 pm

Do you know the chances that you will be rushed to the hospital in the next 12 months? Do you know the likelihood you will need major knee surgery this year? Do you know the probability you will get cancer that requires chemo?

 

Social Security “Fixes” Demonstrate Absurdity of Predicting 75 Years into the Future

By: Saturday April 30, 2011 11:00 am

Social Security currently is projected to be able to pay full benefits until around 2039, at which point current projections say it will start only paying seniors around 80 percent of what they should be getting. One would think having a program projected to be on a solid footing for the next 30 years would more than sufficient for anyone.

For some reason though, Republican politicians, Democratic politicians, cranky old reprobates appointed by Obama, and beltway pundits are actually claiming this is a serious problem that needs to be dealt with NOW because they think the program must have a full 75 years of projected solvency.

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