The large and growing cohort of diabetics in this country will drive major increases to overall healthcare costs due to treating the downstream consequences of this disease including kidney disease, amputations, blindness and heat attacks.
People with significant assets should carefully consider both the lifetime benefits and tax consequences of Social Security in light of their overall portfolio strategy.
However, it is the implicit costs of regulation that are more likely to generate overall negative outcomes and impair economic efficiency and growth, not to mention the inevitable unintended consequences of such regulation.