Excerpt from Administration's Fiscal Year 1984 Budget Proposals-II, Vol. 1 of 4: Hearings Before the Committee on Finance, United States Senate, Ninety-Eighth Congress, First Session; June 15, 16, 22, 23, 28 and 29, 1983; June 15 and 16 Spending Reductions For medicare, budget deficits are not the only problem. The medicare trust fund is, as you all know, rapidly approaching a period of time in which it will no longer have sufficient funds to finance health care expenditures for the elderly. Under cur rent assumptions the program will reach this point in 1987 or 1988 unless some thing is done to moderate its growth. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.