Are the Futures of Medicare & Medicaid at Stake?

As the United States nears the deadline of August 2nd, 2011, when the federal debt ceiling will be reached, Congress looks to cut back on federal spending. One place to look to cut spending is healthcare, as a large portion of the federal budget is devoted to programs like Medicare and Medicaid. However, Medicare and Medicaid are a safety-net to many Americans and many reforms propose to undermine these federally funded programs.