We can't fix Medicare if we keep raiding the piggy bank. Yet, Congress keeps using Medicare to fund other programs. Take The Inflation Reduction Act, for example. Intended to reduce prescription drug costs, billions from this fund are being diverted to support green energy initiatives.
FACT:
The Medicare Trust Fund will be insolvent in by 2036.
FACT:
Financed by $500 billion in annual deficit spending.
FACT:
Seniors will pay higher and higher premiums to close the gap.
Expensive new wonder drugs for obesity and other conditions that afflict seniors are coming to market. These drugs could bankrupt the Medicare system.
Medicare prescription drug savings is being diverted to fund outside programs.
Is is politically dificult to close the gap with new taxes of spending cuts—yet this may be necessary unless we can stop redirecting Medicare funds.
Seniors fear that the Medicare program is going downhill.
Find answers to questions about Medicare—and how its abuse impacts the health of seniors across the nation.
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