The 2024 presidential race is heating up. On Wednesday, candidates vying for the Republican nomination discussed their policy platforms in the first primary debate.
Though they didn’t mention them onstage, several GOP candidates have previously proposed ideas for Medicare reform. That’s a good thing. The program’s Part A hospital insurance trust fund is set to run out of money in 2031. Absent major changes, the program will only continue hurtling toward insolvency.
The problem is that Medicare wasn’t designed to account for the nation’s changing demographic trends. The population is aging, meaning seniors make up a greater share of citizens than young workers paying payroll taxes that finance Part A. The result is a mismatch of money coming in and going out . . .
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Republican candidates have sensible ideas for Medicare reform
Sally C. Pipes
The 2024 presidential race is heating up. On Wednesday, candidates vying for the Republican nomination discussed their policy platforms in the first primary debate.
Though they didn’t mention them onstage, several GOP candidates have previously proposed ideas for Medicare reform. That’s a good thing. The program’s Part A hospital insurance trust fund is set to run out of money in 2031. Absent major changes, the program will only continue hurtling toward insolvency.
The problem is that Medicare wasn’t designed to account for the nation’s changing demographic trends. The population is aging, meaning seniors make up a greater share of citizens than young workers paying payroll taxes that finance Part A. The result is a mismatch of money coming in and going out . . .
Read the full article at the Washington Examiner
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.