65. By 2030 that number will have grown by 30 million. And by 2050, that number will have grown by 40 million. So as you can see, the percentage of the old old as you in the orange and yellow boxes in this chart grows very quickly. Again, if you think back to the chart in terms of the amount of per capita spending that increases as people age you see we are looking at a growing number of individuals who, in fact, will be the most expensive portion of the Medicare Program. At the same time we have fewer young people coming in and we have fewer people that are paying payroll taxes to essentially support the program. And, of course, among those who are the most costly and juliet touched on this issue, are those who are dual ebl jiblligible. But Rising Health care costs is also an issue for the beneficiary. As juliet pointed out, as a population theyre not all living in palm beach. They are relatively low income population. Health status and chronic conditions are also significant drivers
65. By 2030 that number will have grown by 30 million. And by 2050, that number will have grown by 40 million. So as you can see, the percentage of the old old as you in the orange and yellow boxes in this chart grows very quickly. Again, if you think back to the chart in terms of the amount of per capita spending that increases as people age you see we are looking at a growing number of individuals who, in fact, will be the most expensive portion of the Medicare Program. At the same time we have fewer young people coming in and we have fewer people that are paying payroll taxes to essentially support the program. And, of course, among those who are the most costly and juliet touched on this issue, are those who are dual ebl jiblligible. But Rising Health care costs is also an issue for the beneficiary. As juliet pointed out, as a population theyre not all living in palm beach. They are relatively low income population. Health status and chronic conditions are also significant drivers
Into 2015. You can see this morning that the markets are barely budged overnight. Well see what happens as we get closer into the opening bell. Right now, take a look at the tenyear note. At this point, the tenyear is yielding 2. 577 . Still below 2. 6 based on some of those dovish comments, again. On todays market agenda, we have weekly jobless claims. First time filings are expected to climb by 3,000. In addition the economic numbers, we have investors continuing to Pay Attention to the situation in iraq. White house Officials Say the u. S. Is likely to use air strikes due to the lack of clear targets. Meantime, the wall street journal reports the Obama Administration is using without. First, andrew has this mornings top corporate news. The story on the front page of the wall street journal this morning really makes you think. This oped, did you see that from Rupert Murdoch this morning . First, corporate millions. Jeff immelt, the General Electric ceo is flying back from paris after
This hearing, 2,023 budget request for the department of labor. This is a hybrid hearing so we need to address housekeeping matters. The members joining virtually once you start speaking is a slight delay before being displayed on the main screen, speaking into the microphone activates the camera displaying the speaker, do not stop your remarks if you dont immediately see the screens switched. Of the screen does not change after several seconds please make sure you are not muted. To minimize background noise and ensure the direct sequencing we ask you remain on mute unless you have thought recognition. The chair individual designated by the chair, when they are not under recognition, to a laminate the background noise. Members who are virtual are responsible for muting and on muting themselves. Finally, house rules require me to remind you that weve set up an email address which members can send anything they wish to submit in writing at any of our hearings. That email address has been
President bidens 2023 budget request before House Appropriations subcommittee. This is just short of two hours. This hearing, 2,023 budget request for the department of labor. This is a hybrid hearing so we need to address housekeeping matters. The members joining virtually once you start speaking is a slight delay before being displayed on the main screen, speaking into the microphone activates the camera displaying the speaker, do not stop your remarks if you dont immediately see the screens switched. Of the screen does not change after several seconds please make sure you are not muted. To minimize background noise and ensure the direct sequencing we ask you remain on mute unless you have thought recognition. The chair individual designated by the chair, when they are not under recognition, to a laminate the background noise. Members who are virtual are responsible for muting and on muting themselves. Finally, house rules require me to remind you that weve set up an email address wh