TeachMeFinance.com - explain Pay-As-You-Go Financing
Pay-As-You-Go Financing The term 'Pay-As-You-Go Financing ' as it applies to the area of Medicare in the United States can be defined as ' A financing scheme in which taxes are scheduled to produce just as much income as required to pay current benefits, with trust fund assets built up only to the extent needed to prevent exhaustion of the fund by random fluctuations'.
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