Each year, the Medicare program pays out more money than it collects in premiums.

Name: Each year, the Medicare program pays out more money than it collects in premiums.
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Medicare is primarily funded through general revenues, payroll taxes, and premiums paid by beneficiaries. However, the program's expenditures often exceed the amount collected from premiums because it also relies heavily on general revenue and payroll taxes to cover costs, leading to payouts that surpass premium collections.

Each Year, the Medicare Program Pays Out More Money Than