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Why it's hard for the US to cut or even control Medicare spending

By Dennis W. Jansen, Professor of Economics and Director of the Private Enterprise Research Center, Texas A&M University
Andrew Rettenmaier, Executive Associate Director of the Private Enterprise Research Center, Texas A&M University

President Joe Biden’s 2024 proposed budget includes plans to shore up the finances of Medicare, the federal health insurance program that covers Americans who are 65 and up and some younger people with disabilities.

His administration aims to increase

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