Will Baby Boomers Outlive Medicare?

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Some baby boomers are starting to turn 65 this year and that new number of retirees is going to put even more stress on the Medicare system.

American citizens become eligible for Medicare benefits when they turn 65.

An Associated Press-Gfk poll shows that baby boomers, by 2-to-1, believe they won't be able to rely on the insurance plan throughout their retirement.

Forty-three percent said they don't expect to depend on Medicaid forever, while only 20 percent think they will be able to take advantage of it.

"I don't mind the fact that people may have to work a little longer," said Lynn Barlow, 60, a real estate agent who lives outside Atlanta. "Especially if there's time to plan, laboring a few extra years allows people to save more for retirement."

Baby boomers are defined as those people who were born after World War II between 1946 and 1964. There are an estimated 77 million living today.

They will be entering the Medicare system for the next 19 years, constantly driving up expenses as more and more boomers need medical care.

Analysts have warned that Social Security and Medicare could go bankrupt from ever spiraling costs.

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