tci Medicare Compliance & Reimbursement - 2012 Issue 10

Medicare Funding: Medicare Projected to Go Broke in 2024, Trustees' Report Says

Part A is poised to run out of money -- and although safe for now, Part B could be at risk, report indicates. If you're looking for a scary read, forget about Stephen King novels -- go straight to the new Medicare Trustees' Report, which was released on April 23 and indicates that Medicare Part A is set to remain solvent for only another 12 years. Part A spending is growing faster than taxes are coming in to pay for the program, and the Part A coffers will be empty by 2024 unless the government takes action, according to...

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