Just this past weekend, Sen. Marco Rubio, the Florida Republican, warned on “Face the Nation” that Medicare will bankrupt itself unless his tax and “entitlement” reform proposals are implemented. If truth be told, Medicare probably would indeed face bankruptcy should Rubio’s tax reform plan actually be implemented. Even the conservative Tax Foundation says Rubio’s plan would decrease government revenues by $6 trillion over 10 years.
Barring that, is there reason to believe that Medicare is on the brink of insolvency?
In a word, “no.”
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