Essay: Financial Difficulties Faced by Medicare

Sample Essay

It is true that an immediate increase in payroll tax and an immediate reduction in benefits will alleviate the actuarial balance within the next few decades. However, the long term sustainability of such a plan is whimsical at best. Additionally one must consider if the longitivity of this organization is based solely on the success of these factors, then their increase within the next few decades is assured creating a greater burden on the populace.

The financial difficulties that face Medicare today are not as simple as they appear. Nonetheless it is apparent that reform of the organization is essential to its long term survival. Its biggest concern is sustenance without sacrificing the quality of care of its individual. However, with ever increasing cost of health in the United States, its possible that might just happen.

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