Michael F. Cannon

Michael F. Cannon is the Cato Institute’s director of health policy studies and the author of Recovery: A Guide to Reforming the U.S. Health Sector. Follow him @mfcannon.

The Myth of The Medicare “Trust Fund”

Using the phrase “Medicare’s trust fund” for any reason other than exposing its falsehood is grossly misleading. It implies there’s a pot of money available to fund Medicare, when no such pot exists.

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