On the recordOctober 12, 1995
Absolutely not. The Medicare Part A, the hospitalization, the bigger piece of the pie, is already paid for by wages, a tax paid by employers and employees. Well, today we are in okay shape, because we are going to spend less money today, in October of 1995, than we are going to take in. But beginning next year, we start to spend more than that tax takes in. In seven years, we are out of money. So if we do nothing, even if we do not have the tax break, that does not solve the problem.
Source
govinfo.gov
