Those reading this book review who are age 57 will face an insolvent Medicare program when they reach retirement age in 2031 unless some drastic reforms are implemented as soon as possible. That’.
Medicare is based on the cost of seniors' health care being borneprimarily by younger workers. The demographic reality is there arediminishing numbers of workers per senior. Promises to today's andfuture beneficiaries must be kept, but not at the expense of futuregenerations. Building incentives for high quality, efficient caredirectly into the Medicare payment structure and using the power ofpersonal choice and competition are key reform elements.
Rising staffing and supply costs and a low reimbursement rate from CMS are some of the biggest concerns physicians have surrounding procedure reimbursements.
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The Medicare conference agreement fails the two criticalrequirements of a responsible drug benefit program for the nation'sseniors. The original idea underlying this legislation wasnever just about adding drug coverage to Medicare. It wasabout doing so in a way that would not lead to huge additionalliabilities to future generations, and in a way that would reformthe program so that it could respond to the changing needs of theelderly and disabled. But the agreement will not leadto that.