Monday, April 03, 2023

More deaths among medically expensive people, plus more homecare has bolstered the solvency of Medicare

Catch your breath. Medicare is on stronger financial footing than was feared a few years back. The deadline, for it's costs to outstrip revenue, has been pushed back 3 years to 2031.

Trustees anticipate some cost savings for Medicare, thanks to a switch to less-expensive outpatient treatments and because some people, who would have required the most costly care, died prematurely during the pandemic.

That does sound a bit harsh as some of the most costly people have died, but it means a savings for Medicare.

Social Security faces a projected revenue shortfall by 2033, unless raising the tax cap or instituting benefit cuts. Increased taxes have been proposed by Democrats for shoring up both the Medicare and the Social Security systems. Another alternative is less services and / or more deaths.

Link to article that I got this info from. I saw beyond the headlines.

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