Digging the Medicare Hole Deeper

Article

Digging the Medicare Hole Deeper

November 20, 2003

Abstract

Will Rogers once said, "If you find yourself in a hole, the first thing to do is stop digging." Medicare is in a deep hole. The small surpluses accruing right now will turn to deficits starting in about a decade when the baby boomers start to retire. By 2026, government actuaries estimate that the Medicare trust fund will be exhausted.

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