In an interview on Nov. 10, House Speaker Paul Ryan said, “Because of Obamacare, Medicare is going broke.”
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Ryan said: “Because of Obamacare, Medicare is going broke.”
Financially, Medicare isn’t entirely in the clear, given that actuaries project that a key reserve fund will run out of money in 2028.
But the Medicare trustees themselves, along with a host of experts, say the Affordable Care Act’s changes to Medicare – including holding the line on spending and raising taxes – actually puts Medicare in better shape than before the law was adopted. That’s a long way from making Medicare go broke.
We rate Ryan’s statement Pants on Fire.
To read the full fact check, go to politifact.com.