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A Different Perspective on the Wobbly Three-Legged Stool.

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    • Abstract:
      The article discusses the prospect of secure retirement for members of the baby boom generation. Social Security funding shortfalls and a disappearing defined-benefit pension system are being blamed for the reasons that the United States is in a precarious economic position, but the author suggests that the real Social Security problem is due to the state of Medicare. Medicare's problems are because the system is more sensitive to population aging than Social Security, as well as the fact that Hospital Insurance reserves will be exhausted by 2019.