In 2019, the United State’s financial situation worsened by $8 trillion. The true national debt is $100 trillion higher than the published national debt. The published national debt does not include unfunded Medicare and Social Security promises. Unfunded Medicare and Social Security promises both increased by eight percent in the fiscal year 2019. Medicare is currently $52.7 trillion underfunded and Social Security is $37.6 trillion underfunded.
Fifteen percent of Americans are enrolled in Medicare, which is about 44 million people. This number is expected to grow to 79 million in the next ten years. Will the United States be able to keep its promise and fund Medicare for these 79 million people?
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