Suppose Congress enacts a new Medicare benefit and finances it by raising payroll taxes such that each year's additional outlay is matched by additional revenue. Would this be considered fiscally sustainable

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05-07-2022
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Suppose Congress enacts a new Medicare benefit and finances it by raising payroll taxes such that each year's additional outlay is matched by additional revenue. Would this be considered fiscally sustainable

Sagot :

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Abiolataiwo2015idn Abiolataiwo2015idn · Answer 1 · 2022-07-11T11:00:09-04:00

If year's additional outlay is matched by additional revenue. No, it will not be considered fiscally sustainable.

What is Medicare?

Medicare can be defined as a medical coverage that help to cover medical expenses of those under the plan.

Based on the details given, it will not be considered fiscally sustainable because it is still a pay as you go plan, which tend to shifts the burden to future generations.

Therefore it will not be considered fiscally sustainable.

Learn more about medicare here:https://brainly.com/question/1960701

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Sagot :

What is Medicare?

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