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The Economics of Health Care

It's Going to Cost a Lot More

Charles R. Morris

Everyone knows about Social Security’s financial problems. At some point in the future, payroll taxes and trust-fund surpluses will be insufficient to cover benefits, so absent other action, benefits will have to be cut (see “Just the Facts,” February 11). What about Medicare? Is there a similar crisis looming there? Actually, it’s already happened. A (...)


 

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