The Cost of No Medicare Reform: What Industry and Government Would Pass on to Consumers, Investors, Taxpayers, and Workers
If an unreformed Medicare program is to be able to pay the hospital bills of today's workers when they reach retirement, industry and government will have to pass on additional yearly costs of at least $7.4 billion to investors and consumers. In addition, workers will face additional annual costs of at least $115.7 billion in direct taxes and reduced wages. These costs will be the result of the additional payroll taxes, on top of current payroll taxes, needed to assure long-term fiscal sol-...
Davidh Winston Christinel Olson Current Population Parta Trust Fund Medicare Board Of Trustees Medicare Hospitalization
Source: heritage.org