What a Recession Would Mean for Medicare [Video]

As the worry that the United States could be headed towards a recession is growing, so is the concern about what impact this could have on Medicare.

Why It Matters

Medicare is federal health insurance for anyone age 65 and older and for some people under 65 with certain disabilities or conditions.

Shifting trade policies, that have left the U.S. in a trade war with China and Canada, and enhanced stock market volatility are provoking fears of a recession, which could mean heightened economic pressure for the insurance program.

While President Donald Trump‘s route to the White House was filled with promises of lowering costs for American consumers on “Day One,” as well as sparking a revival for domestic business, economists have expressed fears that the economy may be on a path toward recession or a downturn that could rival those of 2008 and 2020.

In addition to the substantial effects on the economy itself, …