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Medicare's Financial Woes: Bigger Than Official Estimates

Medicare is financially unsustainable in its current form. TheMedicare Trustees' 2008 estimate of the program's total excess costs is $85.6 trillion. The Trustees acknowledge an important,flawed assumption used in developing their estimate of excesscosts. If corrected, Medicare's excess costs would increase,underscoring the need to reform Medicare quickly and substantially. ....

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