Impending Medicare Problems

Running Head : Student nameCourse Name and codeUniversityTutorDate of Submission : troop 13th 2009 .IntroductionJust like in the Social Security weapons platform , high costs of medical proceedss and the increasing adjustment in the economy are bound to affect Medicare service significantly . Expenditure on Medicare just as in social security will definitely grow enormously over the years with the increase in the aging community as opposed to the tax paying population (Bilirakis , 1997 . Medicare is usually provided to persons over sixty five years of age as a form of medical insurance . People with disabilities and tribe with renal diseases are also supported in the broadcast but are usually restricted to the end spot . The Medicare expenses by the government are threatening to overshadow the taxes it is currently receiving .

The same problem is facing social security and it is estimated that by 2017 the bar of expense may exceed the revenue obtained from taxes (Welch , 2005 . The amount of use of goods and services spent on medical care in 2007 reached an all time high of 16 of the government expenditure . This was approximately 440 billion dollars . In 2008 , expenses were already exceeding benefit as more people demanded the service . Welch (2005 ) notes that the recent learning showing that the Medicare fund is likely to be extinct by the year 2018 is quite shocking . In 2004 , President shrub made Medicare and social security the number one precedence due to the looming threat in future trends Currently the health care...If you want to get a full essay, order it on our website: Ordercustompaper.com

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