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Medicare's Financial Condition: Beyond Actuarial Balance (PDF)
American Academy of Actuaries 
May 12, 2006
8 pages. Excerpt: Each year, the Boards of Trustees of the Federal Hospital Insurance (HI) and Supplementary Medical Insurance (SMI) Trust Funds report to Congress on the trust funds' financial condition. .... This issue brief examines more closely the findings of the Trustees' Report. The American Academy of Actuaries' Medicare Steering Committee concludes that the Medicare program faces serious short-term and long-term financing problems.
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