Should Medicare be Means-Tested Symposium Publication By:John R. Graham 5.22.2007
Medicare’s hospital trust fund is expected to go bust in only 11 years. The prescription drug benefit—a program that did not even exist two years ago—carries an unfunded liability of $8 trillion. Clearly, the nation is not on the right course. The Medicare Modernization Act of 2003 introduced some means-testing for physicians’ visits and prescriptions, but similar action is not likely to be feasible for the hospital trust fund— the most expensive part of Medicare.
