Is Medicare Self Sustaining?

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   Bob VineyardPRO

   Founder, Georgia Medicare Plans, Atlanta,GA

   Medicare is not self sustaining. It was never designed to be. When LBJ signed Medicare into law he knew then that costs would outrun tax revenues but he was more concerned with a legacy law than fiscal responsibility. Aging boomers + a sluggish economy = lower tax revenues. Medicare is kept afloat by shifting the cost to seniors and providers.

   Answered on March 30, 2014

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