How exactly is Medicare going “bankrupt”?

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Especially when it’s funded through the FICA tax and the U.S. workforce is huge since the millennial generation is the largest generation (even in comparison to baby boomers).

In: Economics

3 Answers

Anonymous 0 Comments

More older folks using it than younger people paying for it to cover their rising healthcare costs, medications, etc.

It won’t go bankrupt, but could become insolvent. That is until Congress intervenes.

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