Medicare is the most rapidly growing component of the federal budget. Federal funding for Medicare comes from payroll taxes and income taxes, paid by individuals who are employed. Most Medicare benefi
Medicare is the most rapidly growing component of the federal budget. Federal funding for Medicare comes from payroll taxes and income taxes, paid by individuals who are employed. Most Medicare beneficiaries are retired and/or earning minimal income. Further, only ¼ of the lifetime expenditures for Medicare beneficiaries are covered by the taxes they have paid into the system while working. In combination, this means the […]