Medicare spending is projected to increase from $613 billion in 2014 to well over $1 trillion in the next nine years. By 2040, taxpayers will fund 61 percent of Medicare costs out of general revenues and just 22 percent of revenue from the payroll tax.
Medicare spending is projected to increase from $613 billion in 2014 to well over $1 trillion in the next nine years. By 2040, taxpayers will fund 61 percent of Medicare costs out of general revenues and just 22 percent of revenue from the payroll tax.