The
2024
presidential race is heating up. On Wednesday, candidates vying for the Republican nomination discussed their policy platforms in the
first primary debate
.
Though they didn’t mention them onstage, several GOP candidates have previously proposed ideas for Medicare reform. That’s a good thing. The program’s Part A hospital insurance trust fund is set to
run out of money
in 2031. Absent major changes, the program will only continue hurtling toward insolvency.
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The problem is that Medicare wasn’t designed to account for the nation’s changing demographic trends. The population is aging, meaning seniors make up a greater share of citizens than young workers paying payroll taxes that finance Part A. The result is a mismatch of money coming in and going out.
Luckily, a handful of presidential candidates have floated…
