The Next Shoe to Drop?
With the tax portion of the fiscal cliff already recent history, the next battle over deficit reduction and addressing the debt limit is upon us. Within the broad topic of spending cuts, Medicare reform seems inevitable. The U.S. healthcare system’s sky-high price tag – by far the highest in the world according to the World Health Organization – is the main source of worry about future debt problems.
As Washington considers changes to Medicare in the coming months to reduce the federal deficit, we bring you this video from the Kaiser Foundation which highlights the program’s evolution from its beginning to the present day.
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