Five myths about Medicare

1. Medicare is inefficient and fails to control costs.

The trustees of Medicare last year projected that the program's share of gross domestic product would increase from the current 3.7 percent to about 5 percent in 2030 and nearly 6 percent by 2050. But since Medicare's inception in 1965, its spending growth, on a per-person basis, has stayed consistent with or lower than the increase in private health insurance premiums.

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