Article Digging the Medicare Hole Deeper
Leonard E. Burman
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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.
Research Areas Aging and retirement Taxes and budgets
Tags Medicare and private health insurance Individual taxes Federal budget and economy Retirement policy
Policy Centers Income and Benefits Policy Center