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Medicare’s financial problems affect the entire budget, and are largely responsible for projected increases in federal deficits.
The rapid growth in health care costs is the largest and fastest growing fiscal challenge.
The report focuses on the fiscal conditions in six heavily populated states which together account for a third of the nation's population and almost 40 cents of every dollar in spending by state and local governments.
The Trustees warn that Congress and the Administration should work "with a sense of urgency" to put the program on a sustainable path.
The 2014 Trustees Reports make clear that essential programs, like Social Security and Medicare, are on an unsustainable path.
Medicare is a large share of the budget, and it is projected to grow.
A new organization established by the Peter G. Peterson Foundation, announced three major initiatives to advance the Center’s mission to transform U.S. healthcare into a high-performance system that delivers high-quality care at a lower cost.
The Trustees urge lawmakers to enact legislation soon to put Medicare on a sustainable path.
The Peterson Foundation has prepared analysis based on those reports, illustrating the key data points with pertinent chart information.