Twelve years left: Clock runs down on saving Medicare

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In just 12 years, Medicare will be broke. So, the question remaining is not whether Medicare will be reformed, but how.

During the first two presidential debates, neither Barack Obama nor Mitt Romney denied that Medicare’s upside-down accounting has put the program on a path toward bankruptcy, but, not surprisingly, each had a very different vision on how we keep our promise to America’s seniors. And the differences in those visions matter.

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