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How is Medicare funded?
It hasn’t gotten as much publicity in recent years as Social Security, but Medicare is just as intricately tied into the well being of American seniors, and it also has a looming solvency issue. And you may be surprised to know that FICA withholding isn’t Medicare’s primary source of income. Given its importance, understanding how Medicare is funded is crucial to any plan to resolve its issues. This article by Sean Williams at www.madison.com describes the intricate details of how Medicare is funded and what might be done to restore its long-term solvency. Click here to read more.