As the Bahamas contemplates a massive move down the road of socialized medicine, it must pause and look at the state of the nationalized healthcare programs presently in place. Two appraisals merit attention.
"Sir John Templeton warns of the looming Baby Boomer crisis that is about to devastate Europe and the United States…77 million boomers are about to retire – and they will wreak havoc on Social Security, private pension systems and our health care system."
Alan Greenspan opines, "Our country will face abrupt and painful choices unless Congress acts quickly to trim Social Security and Medicare benefits for the baby boom generation… Government resources, even under the most optimistic economic assumptions of growth and productivity, will be inadequate to provide baby boomers with the level of benefits their parents got."
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