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Oversight Hearing on the Administration's Failure to Propose Medicare Reforms
WASHINGTON - Medicare's inability to sustain itself has reached historic levels. In 2000, payroll tax revenue funded 60% of total Medicare expenditures. In 2010, the total had dropped to 35%. Medicare was not designed to have general tax revenue be used to fund its solvency. Since 40 cents of each dollar the Treasury spent last year was borrowed, last year Medicare added $110 billion to the debt alone.
In their annual report, the Medicare Board of Trustees issue a "Medicare ...
