Review Werx

  • Home
  • Stock Market Newsletters
    • Capitalist Exploits REVIEW – Does It Make Money For Subscribers?
  • Financial
    • Legendary Investor Jeremy Grantham Says We’re In An Epic Stock Market Bubble That Will End in a Crash That Rivals 1929
    • New Pacific Metals: Huge Opportunity or Big Hype Job?
  • Sponsored Blog Posts & Ads
  • Mattresses
    • Mattresses: Memory Foam vs. Natural Latex
  • POLITICS
    • The Core Differences Between Democrats and Republicans
  • Protective Face Masks
    • The Filtering Efficiency Of Face Masks Varies Greatly
    • REVIEW – Respilon Protective Face Masks and R-Shield Neck Gators
    • REVIEW – O2 Safe Air Mask
    • REVIEW – O2 Nano Mask
    • REVIEW – RZ Mask
    • REVIEW – Vogmask
  • MUSIC
    • Harry Styles Gets My Vote For Best Performance and Best Song at the 63rd Grammy’s
    • Bobbie Gentry Wrote and Sang ‘Ode To Billie Joe’ – A Mysterious Classic From 1967
    • REVIEW ‘Murder Most Foul’ by Bob Dylan
    • R.I.P. Little Richard – One of the Greats of Rock and Roll
    • Rolling Stones Song – Living In A Ghost Town
    • The Doobie Brothers Performing ‘Black Water’ Live in Isolation During the Pandemic
  • CBD on Amazon
    • Why Consumers Should Avoid Buying CBD and Hemp Products on Amazon
  • Business Services
    • REVIEW – Shopper Approved
    • REVIEW – Reseller Ratings
  • Tactical Flashlights
    • REVIEW Nitecore E4K Tactical Flashlight
    • REVIEW Klarus G15 Tactical Flashlight
  • PSYCHICS
    • REVIEW Psychic Source
    • REVIEW Kasamba Psychics
    • REVIEW California Psychics
    • REVIEW Hollywood Psychics
    • REVIEW Keen Psychics
  • Water Filters (Coming Soon!)
  • MOVIES (Coming Soon!)
  • Marketplace
    • For Sale – JOLIDA Stereo Tube Amplifier
    • FOR SALE – Live Websites & Domains
    • FOR SALE – Peter Tunney Original Art “Frank Sinatra – Look Magazine” Authentic – Signed
    • FOR SALE – Peter Tunney Original Art “Coca-Cola” Authentic – Signed
  • Blog
  • CONTACT

Is Medicare Really Going Bust?

October 20, 2023 By Scoop

President Lyndon Johnson Signed the Medicare Bill Into Law on July 30, 1965 and Harry Truman Was the First Enrollee

Medicare, a government health insurance program for Americans over age 65, became law in 1965. Originally, President John F. Kennedy pushed for the bill and then President Lyndon Johnson got it enacted after Kennedy’s death. As seen in the photo above, former President harry Truman was the program’s first enrollee.

Capitalist Exploits – Does It Make Money For Subscribers?Try Capitalist Exploits – Get a 30-DAY TRIAL for JUST $1 – Limited Time Offer click here

The question of whether Medicare is “going bust” or facing financial challenges is a complex and politically charged one. Medicare is a federal health insurance program in the United States that primarily serves individuals aged 65 and older, as well as certain younger people with disabilities. The financial stability of Medicare has been a topic of concern for many years, and there are several factors to consider when discussing its financial outlook:

Trust Fund: Medicare has two trust funds – the Hospital Insurance (HI) Trust Fund, which covers Part A (hospital insurance), and the Supplementary Medical Insurance (SMI) Trust Fund, which covers Part B (medical insurance) and Part D (prescription drug coverage). The HI Trust Fund has faced more immediate concerns as it relies on payroll taxes and has experienced deficits in some years. These deficits have led to warnings about the fund’s sustainability.

Demographic Factors: The aging population is one of the key challenges facing Medicare. As the baby boomer generation (a large demographic cohort) continues to age into Medicare, it places increased strain on the system. This has led to concerns about the program’s long-term financial sustainability.

Rising Healthcare Costs: Healthcare costs in the United States have been rising faster than inflation for many years. Medicare is not immune to these cost increases, and this can put financial pressure on the program.

Revenue Sources: Medicare is primarily funded by payroll taxes, premiums paid by beneficiaries, and general revenue contributions from the federal government. The adequacy of these revenue sources to cover the costs of the program is a topic of debate.

Policy and Legislative Actions: The financial stability of Medicare can be influenced by policy decisions made by the government. For example, the Affordable Care Act (ACA) included several provisions aimed at extending the solvency of the Medicare trust fund. Changes in healthcare policy, reimbursement rates, and program design can affect Medicare’s financial outlook.

In summary, Medicare is facing financial challenges, particularly the Hospital Insurance Trust Fund, due to factors such as the aging population and rising healthcare costs. While the program has not gone “bust,” it has required attention and management to ensure its long-term sustainability. The government periodically takes measures to address these challenges, and the issue is a topic of ongoing debate and discussion in healthcare and policy circles.

But it should be noted that there is an easy fix for any potential revenue shortfalls for the Medicare program. For example Medicare Part A gets 89% of its’ funding comes from FICA payroll taxes.In 2023, FICA taxes are only paid on the first $160,200 of income. Simply raising that cap, or eliminating the cap altogether on taxable FICA income would easily solve any financial shortfalls for Medicare.

Filed Under: News Tagged With: Is Medicare Going Bust?

Curious About The Future?

Psychic Source

Get 30 Day Trial Only $1 -Limited Time

Capex 'INSIDER' - The Only Newsletter that Makes Me Money

Get Investment Ideas From The Pros

Professional Investment Ideas

Social Media

  • Twitter

Recent Blog Posts

  • The Theory Behind Paul Ehrlich’s Book ‘The Population Bomb’
  • Stock Market History – The Nifty Fifty
  • What Are The Expected Primary Uses of Artificial Intelligence?
  • Original Medicare vs. Medicare Advantage – Which is Best?
  • Remembering the Bre-X Gold Scandal

The Clock

Current local time in
New York City

Tags

AI California Psychics coronavirus coronavirus death New Brunswick NJ coronavirus Middlesex County NJ derivatives disinfect face masks electric car fire risk gold 2020 How AI be used hydrogen powered cars intuitives Is Medicare Going Bust? lithium battery fire risk Medicare Advantage N95 masks Nifty Fifty online psychics Original Medicare Original Medicare vs. Medicare Advantage - Which is Best? overpopulation overpopulation and the environment Paul Ehrlich population control psychics psychic source religion in decline Reseller Ratings Shopper Approved shopper approved vs. yotpo stock market 2020 stock market crash 2020 stock market crash of 1929 stock market hisory stock market history in 1960's The Nifty Fifty The Population Bomb Traditional Medicare Trust Pilot ultraviolet light Uses of Artificial Intelligence UVC light UV light wellness coaches yotpo

Search

  • Privacy Policy
  • Anti Spam Policy
  • Affiliate & Financial Disclosure
  • Terms Of Use
  • DMCA

FINANCIAL DISCLOSURE
ReviewWerx.com makes money through affiliate links. If you click on a link, we may earn a commission. All product and service reviews are presented without guarantee. Additionally, ReviewWerx.com may make money from sponsored blog posts and advertising


Copyright © 2025 — Review Werx • All Rights Reserved.

  • Home
  • Stock Market Newsletters
    ▲
    • Capitalist Exploits REVIEW – Does It Make Money For Subscribers?
  • Financial
    ▲
    • Legendary Investor Jeremy Grantham Says We’re In An Epic Stock Market Bubble That Will End in a Crash That Rivals 1929
    • New Pacific Metals: Huge Opportunity or Big Hype Job?
  • Sponsored Blog Posts & Ads
  • Mattresses
    ▲
    • Mattresses: Memory Foam vs. Natural Latex
  • POLITICS
    ▲
    • The Core Differences Between Democrats and Republicans
  • Protective Face Masks
    ▲
    • The Filtering Efficiency Of Face Masks Varies Greatly
    • REVIEW – Respilon Protective Face Masks and R-Shield Neck Gators
    • REVIEW – O2 Safe Air Mask
    • REVIEW – O2 Nano Mask
    • REVIEW – RZ Mask
    • REVIEW – Vogmask
  • MUSIC
    ▲
    • Harry Styles Gets My Vote For Best Performance and Best Song at the 63rd Grammy’s
    • Bobbie Gentry Wrote and Sang ‘Ode To Billie Joe’ – A Mysterious Classic From 1967
    • REVIEW ‘Murder Most Foul’ by Bob Dylan
    • R.I.P. Little Richard – One of the Greats of Rock and Roll
    • Rolling Stones Song – Living In A Ghost Town
    • The Doobie Brothers Performing ‘Black Water’ Live in Isolation During the Pandemic
  • CBD on Amazon
    ▲
    • Why Consumers Should Avoid Buying CBD and Hemp Products on Amazon
  • Business Services
    ▲
    • REVIEW – Shopper Approved
    • REVIEW – Reseller Ratings
  • Tactical Flashlights
    ▲
    • REVIEW Nitecore E4K Tactical Flashlight
    • REVIEW Klarus G15 Tactical Flashlight
  • PSYCHICS
    ▲
    • REVIEW Psychic Source
    • REVIEW Kasamba Psychics
    • REVIEW California Psychics
    • REVIEW Hollywood Psychics
    • REVIEW Keen Psychics
  • Water Filters (Coming Soon!)
  • MOVIES (Coming Soon!)
  • Marketplace
    ▲
    • For Sale – JOLIDA Stereo Tube Amplifier
    • FOR SALE – Live Websites & Domains
    • FOR SALE – Peter Tunney Original Art “Frank Sinatra – Look Magazine” Authentic – Signed
    • FOR SALE – Peter Tunney Original Art “Coca-Cola” Authentic – Signed
  • Blog
  • CONTACT