How to Better Control the Growth of Medicare Spending

With the looming retirement of America’s baby boom generation, the growth of spending needed to support the Medicare spending program is set to explode over the next 30 years.
In its 2018 Long-Term Budget Outlook, the Congressional Budget Office projected the amount of net spending that Medicare is expected to consume from the U.S. government’s 2018 fiscal year through its 2048 fiscal year. The following chart reveals that on its current trajectory, the cost of Medicare will double in size several times during the next 30 years.

The U.S. government’s fiscal situation with rapidly rising Medicare costs does not improve much when

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