tci Medicare Compliance & Reimbursement - 2008 Issue 14

Medicare: Report: Medicare Program Risks Going Broke

With Part A funding about to bottom out, Part B could be at risk as well The recent widely-reported news about Medicare going broke by 2019 was not an early April Fool's joke. 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 2019 unless the government takes action, according to the 2008 "Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds," which was published on March 25. The report notes that Part...

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