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Medicare’s financial problems affect the entire budget, and are largely responsible for projected increases in federal deficits.
The poverty rate in 2009 was 14.3 percent, up from 13.2 percent in 2008. This is the highest rate since 1994.
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.
Americans must task their newly elected officials with tackling the nation's debt — and hold them accountable for results.
Convened in November 2012, "Post-Election: The Fiscal Cliff and Beyond" brought together top elected leaders and policy experts to discuss potential paths forward for America.
The Trustees warn that Congress and the Administration should work "with a sense of urgency" to put the program on a sustainable path.
Medicare is a large share of the budget, and it is projected to grow.
The Trustees urge lawmakers to enact legislation soon to put Medicare on a sustainable path.