About Medicare
Consider the following:
- Research suggests the federal Medicare program spends as much as $100 billion per year on medical care that makes seniors neither healthier nor happier.
- Medicare’s payment system continues to reward low-quality and even harmful medical care.
- The trustees of the Medicare program have issued yet another annual report containing dire warnings about Medicare’s financial sustainability, including an unfunded liability of $86 trillion.
- According to economist and former Medicare trustee Tom Saving, Medicare alone will require tax rates to rise by 25 percent within a generation, and to double within 75 years, absent reform.
- The picture is far worse than it was when politicians were developing fundamental Medicare reforms 10 years ago.