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The Social Security and Medicare Trustees released their annual reports, which show that these vital programs are on an unsustainable path.
The latest trustees reports make clear that Social Security and Medicare beneficiaries face substantial cuts in the near future unless policymakers take action to make these vital programs solvent.
On average, Medicare benefits far exceed taxes over an individual’s lifetime.
Significant damage was done to America’s fiscal outlook over the past year.
Programs that millions of Americans depend on and care about may be feeling a squeeze from interest costs on our high and rising national debt.
The dust has barely settled on the midterm elections, but there are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress, which will convene in early 2019.
Improving our healthcare system to deliver better quality care at lower cost is critically important to our nation’s long-term economic and fiscal well-being.
The rising costs of prescription drugs and their effect on Medicare could have serious consequences on our healthcare system and our nation’s long-term fiscal well-being.
Medicare faces significant financial challenges in future years because of rising healthcare spending and an aging population.