DALLAS, Oct. 21, 2015 /PRNewswire-USNewswire/ -- The 50-year old Medicare program is not aging well; and that's not good news for seniors, according to a new report by National Center for Policy Analysis Senior Fellow Devon Herrick. The report identifies three factors driving Medicare towards bankruptcy:
Don't count on the Trust Fund to keep Medicare solvent either. "The Trust Fund itself is little more than a filing cabinet of IOUs that are claims on future taxpayers," warns Herrick. "There really is no Trust Fund in the traditional sense of one that represents assets that can be sold to alleviate the burden on taxpayers."
Read the full report at: http://www.ncpa.org/pub/medicare-at-age-50-unlikely-to-make-it-to-100
Can we fix Medicare? Herrick thinks so, and offers his solutions for reform at: http://www.ncpa.org/pub/reforming-medicare-to-better-manage-seniors-health-care
The National Center for Policy Analysis (NCPA) is a nonprofit, nonpartisan public policy research organization, established in 1983. We bring together the best and brightest minds to tackle the country's most difficult public policy problems — in health care, taxes, retirement, education, energy and the environment. Visit our website today for more information.
SOURCE National Center for Policy Analysis