Walgreens Boots Alliance Inc (WBA)

[big-yank]

Prudent Capitalist, I am digging through my cyber archives for a copy of the Actuarial Analysis done by the Federal Budget Office that has the supporting math which confirms the "entitlement risk window" is about 20 years and then totally goes away as The Baby Boomer phenomenon literally dies off. It was done awhile back around the Simpson-Bowles Commission report and I am not certain I saved it.

I agree with robb that a chunk of the deficit gap can be bridged by reform of abuses and fraud. My favorite example was my now deceased mom's podiatrist that billed Medicare $600 for trimming her ingrown toenail by billing the 15 second procedure as "surgery". Medicare is now beginning the process of bidding out patient care and awarding contracts with strict performance caveats to lower cost providers. The savings to Medicare during a multi-year test program was around 45%. Many experts including Simpson-Bowles believe in "means testing" as a preferable bridge to the spending vs. tax revenue gap. Simply raising the retirement age for the elderly only forces them to work longer, exacerbating the unemployment problem instead of making way for the younger workers entering the workplace.

All just my opinion. One thing we all agree on is that SOMETHING absolutely must be done before we all go down the tubes.

GLTA,

Yank