By 2018, less than 10 years from now, Medicare Part A will be running a deficit of close to $100 billion. General revenue contributions for Medicare Parts B and D that year are now projected to be $364 billion. Consequently, the deficit for Medicare alone that year will be close to $500 billion, and that assumes a scheduled reduction, which Congress will surely reverse, in doctor and hospital reimbursements of more than 20 percent.
Lots of seniors were born at night- but it wasn't last night.