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Fisher Storms on the Horizon Part 11 of 18
Please sit tight while I walk you through the The Definitive Guide to Swing Trading math of Medicare. As you may know, the program comes in three parts: Medicare Part A, which covers hospital stays; Medicare B, which covers doctor visits; and Medicare D, the drug benefit that went into effect just 29 months ago. The infinite-horizon present discounted value of the unfunded liability for Medicare A is $34.4 trillion. The unfunded liability of Medicare B is an additional $34 trillion. The shortfall for Medicare D adds another $17.2 trillion. The total? If you wanted to cover the unfunded liability of all three programs today, you would be stuck with an $85.6 trillion bill. That is more than six times as large as the bill for Social Security. It is more than six times the annual output of the entire U.S. economy.
Why is the Medicare figure so large? There is a mix of reasons, really. In part, it is due to the same birthrate and life-expectancy issues that affect Social Security. In part, it is due to ever-costlier advances in medical technology and the willingness of Medicare to pay for them. And in part, it is due to expanded benefits Trade Your Way to an Income for Life the new drug benefit programs unfunded liability is by itself one-third greater than all of Social Securitys.
Selling Our Services to the World Part 12 of 17
All told, our service exports $60 Per Sale-Fully Automated Forex System exceed imports in 15 of 20 categories. In 10 categories, our service exports are more than double our importssome exceeding even 10 times as much, such as medical services, TV and film, and industrial engineering. In only two service categories are our imports more than double our exportsfreight and insurance.
The United States developed its services prowess here at home. Our companies learned how to deliver services efficiently and effectively by meeting the needs of a highly sophisticated, evolving domestic economy. To fill the ranks of these companies, our colleges and universities educated doctors, lawyers, architects and managers. The next logical step has always been to sell this expertise to foreign customers.
We should not overlook the revolution in communications and information technology that has spread around the world in the The Definitive Guide to Swing Trading past two decades, a revolution that was conceived and delivered and nurtured to maturity in the laboratories and universities of the United States. The economics textbooks I had in college told me it was far easier to export goods than services. Physical things could be mass produced, crated, put on ships, warehoused and sold abroad. Most services, in contrast, had to be delivered directly to clients. They faced obstacles in export markets largely because of technological limitations and the high costs involved with communications, travel and information transmittal.