tci Medicare Compliance & Reimbursement - 2008 Issue 19

Funding: HHS Leader: Medicare Is 'Drifting To Disaster'

Program needs urgent changes now, secretary says Health & Human Services Secretary Michael Leavitt has issued a strong warning about Medicare: It's heading toward disaster, and time is running out to fix it. If the government fails to act, the system will be broke in 11 years, failing in its objective to pay for healthcare for elderly and disabled people. "This is serious business involving trillions of dollars and the lives of hundreds of millions of people," Leavitt says in an April 29 statement, entitled "Drifting To Disaster," on the HHS Web site http://www.hhs.gov/news/speech/2008/sp20080429a.html...

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