The Economics of Health Care

It's Going to Cost a Lot More

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. And the crisis is much, much bigger. Tax receipts for the major Medicare trust...

The remainder of this article is only available to paid subscribers.

Print subscribers to Commonweal are entitled to free access to all premium online content. Click here to purchase a print subscription, or if you’re already a print subscriber, register now for premium access.

Online-only subscriptions provide access to all premium online articles for just $34/year or $2.95/month. Click here to subscribe.

Registered users, please log in below:

Share

About the Author

Charles R. Morris, a Commonweal columnist, is the author of The Two Trillion Dollar Meltdown (Public Affairs), among other books, and is a fellow at the Century Foundation.