Mr. Speaker, this year we're going to spend, let's call it a trillion dollars on Medicare. How many of you would guess what we're going to spend in seven years? The model in here says In seven years we go from $1 trillion a year on Medicare to 2 trillion. We double Medicare spending in seven years. Now, part of that is demographics. Starting in functionally, 30 years ago, we started having a lot fewer children. (08:00–08:07)
CLAIM
Asserts that Medicare spending will double to $2 trillion annually in seven years.
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