Top News From Today's "Boomiverse"

Medicare fraudsters rake in billions
Jerry Seper and Chuck Neubauer
Washington Times
November 30, 2009

Overview: “Medicare fraud is a multibillion-dollar business preying on an ever-increasing number of retiring baby boomers who often are being charged for medical treatments and products they don't need and for services they don't receive.”
http://tinyurl.com/yco9bgj

U.S. diabetes cases to double, costs triple by 2034
Julie Steenhuysen
Reuters
November 27, 2009

Overview: “By 2034, nearly twice as many Americans will have diabetes and spending on the disease will triple, further straining the U.S. health system and testing the viability of Medicare and other government health insurance programs, U.S. researchers said on Friday.”
http://tinyurl.com/yk7usbr

Diabetes expected to double, costs to triple by 2034
Tiffany O’Callaghan
Time Magazine Blogs
November 27, 2009

Overview: “Going forward, the incredible surge in diabetes cases and correspondingly high medical costs will largely depend on the aging population of Baby Boomers. Currently some 8.2 million diabetes patients are covered by Medicare, costing $45 billion per year. By 2034, researchers estimate that 14.6 billion diabetes patients will be covered by Medicare, and costs will balloon to a staggering $171 billion.”
http://tinyurl.com/yht7ofv

Does Grandma need to downsize?
Rona Fischman
Boston Globe
November 25, 2009

Overview: “Since 2004, the percentage of households who are projected to not be able to retire at 65 with a stable standard of living has increased. Here's the breakdown by age group: Early baby boomers went from 35 percent to 41 percent. Late baby boomers went from 44 percent to 48 percent. Gen Xers went from 49 percent to 56 percent.”
http://tinyurl.com/ya8lxaa