The Medicare pay-as-you-go system is jeopardized by an overly generous fee sched

Question

The Medicare pay-as-you-go system is jeopardized by

an overly generous fee schedule that pays physicians more than private insurance for most procedures.

the changing demographics of the U.S. population with an increasing percentage over the age of 65.

a reliance on the premiums paid by the elderly themselves to fund a majority of the total cost of the system.

allowing physicians to balance bill their patients.

the rising costs of long-term care.

an overly generous fee schedule that pays physicians more than private insurance for most procedures.

the changing demographics of the U.S. population with an increasing percentage over the age of 65.

a reliance on the premiums paid by the elderly themselves to fund a majority of the total cost of the system.

allowing physicians to balance bill their patients.

the rising costs of long-term care.

Explanation / Answer

B. the changing demographics of the U.S. population with an increasing percentage over the age of 65.

Medicare beneficiaries are under the impression that the money they paid in payroll taxes over the years was put into an actual fund somewhere, where it earned interest and grew over the years, and that fund is now being used to pay for their medical care. That type of fund, however, does not exist. Medicare is financed in a

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