As Health Care Costs Continue to Grow, It Is Projected

question 29

True/False

As health care costs continue to grow, it is projected that the Medicare program will be bankrupt by the year 2035 if no changes are made.

---

Definitions:

Adjudicated Bankrupt

Adjudicated bankrupt refers to an individual or entity legally declared insolvent by a court, having their assets liquidated or reorganized to pay off creditors.

Operation of Law

Changes in rights or obligations that occur automatically due to legal rules, rather than the actions of a person or agreement.

Partnership Dissolution

The legal process of ending the business partnership arrangement.

Bank Loan

A sum of money lent by a bank to a borrower at a specified interest rate to be repaid with interest.