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An opinion column in the Wall Street Journal argues that"instead of debating how to expand...

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Economics

An opinion column in the Wall Street Journal argues that"instead of debating how to expand Medicare coverage, politiciansshould focus on fixing the fatal financial flaws in the existingprogram that threaten to bankrupt the nation." Source: John F.Early, "Modest Cuts Could Save Medicare from Disaster," Wall StreetJournal, June 10, 2019. a. What does the author mean by "fatalfinancial flaws"? By "fatal financial flaws," the author isreferring to A. a lack of attention being paid to how to fundingthe enhanced Medicare benefits needed, given the increasing numberof medical conditions, on average, that people are experiencingbecause they are living longer. B. the ability of the federalgovernment to redirect the payroll tax revenues intended to pay forMedicare to other budgetary purposes, including defense spending.C. declining birth rates, resulting in fewer workers per Medicarebeneficiary, and insufficient revenues at current rates of payrolltaxes to cover rising medical costs and increasing numbers ofretired people over time. D. declining birth rates, resulting infewer workers per Medicare beneficiary, and insufficient revenuesat current rates of personal and corporate income taxes to coverrising medical costs.

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