Is Medicare in Good Shape for the Future?
>> Wednesday, November 30, 2011
In 1965, Medicare was signed into law to provide health care for people over 65 and the physically-disabled under 65. In the early years, Medicare was fully funded by Federal Insurance Contributions Act (FICA) taxes, interest earned on trust fund investments, and premiums on people not eligible for Medicare. In 2011, due to people living longer and higher health care costs,
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