Axios - To stop Medicare's finances from imploding as soon as 2028, Congress has only three real options: raise taxes ... cut benefits ... or cut payments to the health-care industry. No one has a realistic plan for getting to "yes" on any of those, Axios' Caitlin Owens reports. Republicans and Democrats are pushing even farther apart by distorting each other's positions — making any deal even harder.
Medicare is one of the biggest line items in the U.S. budget. As the population ages, the program will get more expensive. Medicare's trust fund, which pays for hospital care, is funded through income taxes. Medicare's trustees say that by 2028, that fund will be paying out more than it takes in.
February 16, 2023
Medicare's looming crisis
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What is needed is to raise the cap on what can be taxed for SS and Medicare. Right now the cap is I think $142000 a year and unearned income is not taxed at all. Raise the cap and tax unearned income. Right now it is just another way the rich are stealing form us and trying to bankrupt the country.
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