Excerpt: When the latest Medicare trustees report came out at the end of May, the White House spin masters told us Medicare's finances have improved and one of the reasons is ObamaCare, say John C. Goodman, president and CEO of the National Center for Policy Analysis, and Laurence J. Kotlikoff, a senior fellow with the National Center for Policy Analysis and an economist at Boston University. Here's the real story: In their report, the trustees acknowledge that current law envisages dramatic reductions in future Medicare outlays which may be "difficult to sustain." The unfunded liability in Medicare, the trustees tell us, is $34 trillion over the next 75 years. Looking indefinitely into the future, the unfunded liability is $43 trillion -- almost three times the size of today's economy. Based on more plausible assumptions, such as those reflected in the "alternative" scenario for Medicare produced by the Congressional Budget Office in June 2012, the long-term shortfall is more than $100 trillion.
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