Medicare Devours the Federal Government

In the last few years, the Medicare trustees' annual financial report has been met with complacency. Because Medicare's fiscal problems appear not to be worsening, people think they can stop worrying. Nothing could be further from the truth.

Indeed, the trustees themselves insist that, "notwithstanding recent favorable developments, current-law projections indicate that Medicare still faces a substantial financial shortfall that will need to be addressed with further legislation. Such legislation should be enacted sooner rather than later to minimize the impact on beneficiaries, providers, and taxpayers."

Read the entire op-ed at RealClearPolicy.