HHS: Medicare insolvent by 2016?
February 26th, 2009 | by Brian Schwartz |From an Associated Press article in the Denver Post:
As the recession cuts into tax receipts, Medicare’s giant hospital trust fund is running out of cash more rapidly and could become insolvent as early as 2016, the [Department of Health and Human Services] report said. That is three years sooner than was previously forecast. At the same time, the government’s already large share of the nation’s health care bill will keep growing.
This is all the more reason to phase out Medicare, as discussed here and here.
(via Ari Armstrong)
tags: Medicare
