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Medicare: Financial Challenges and Considerations for Reform.

General Accounting Office Reports & Testimony,  May, 2003  

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GAO-03-577T April 10, 2003

We are pleased to be here today as Congress examines Medicare's financial health and consider the budgetary and economic challenges presented by an aging society. The Comptroller General has been particularly attentive to the sustainability challenges faced by the nation's two largest entitlement programs--Medicare and Social Security--for more than a decade since he served as a public trustee for these programs in the early 1990s. The recent publication of the 2003 Trustees' annual report reminds us, once again, that the status quo is ...