Medicare’s financial problems affect the entire budget, and are largely responsible for projected increases in federal deficits.
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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 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.