Why are some people concerned about the long-term sustainability of Medicare? What do you think could be done to address this issue?
What will be an ideal response?
An ideal response will:
1, Discuss how Medicare costs are outrunning tax contributions to Medicare.
2, Explain that Medicare is the most rapidly increasing component of the federal budget.
3, Draw a parallel with Social Security: To regain solvency, Medicare could reduce benefits or increase taxes.
4, Explain an additional option for addressing Medicare solvency: cutting costs, such as Medicare reimbursement rates to providers. Note, however, that further reductions to the fees paid to providers are not likely as some providers are already turning away Medicare patients because the fees don't cover their costs.
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