TITLE

Medicare Insolvency Date Pushed Up, But Impact Seen as Minimal

AUTHOR(S)
Daulerio, A.J.
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/8/2003, Vol. 344 Issue 31610, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The senior-citizen population is one of the fastest growing demographic groups in the U.S. The demand for health care services from this group will be of major concern to both the government and health care systems. However, the projection from Medicare trustees in March 2003 that the program that provides health insurance to U.S. seniors will be insolvent in 2026 instead of their previous date of 2030 will not have a significant short-term credit implications for health care, according to comments from rating agencies and industry experts. Although its impact may be minimal so far, the revision of the insolvency date by the Medicare trustees could increase budgetary pressures on Medicare spending for many hospitals.
ACCESSION #
9582487

 

Related Articles

  • The crisis isn't Social Security, it's Medicare. Gresham, Lynn // Employee Benefit News;4/15/2005, Vol. 19 Issue 5, p9 

    Explains that the fiscal crisis the Medicare system in the U.S. is more urgent than the fiscal crisis facing the Social Security system. Estimate on the amount a couple will need in order to cover medical costs in the next 15 to 20 years; Decline in the number of companies which offer retiree...

  • Should The Financing Of U.S. Catastrophic Health Care Emphasize Private Insurance Methods? CON. Pepper, Claude D. // Congressional Digest;Apr87, Vol. 66 Issue 4, p105 

    Presents views of the author presented at the U.S. House of Representatives on January 21, 1987 the issue of implementation of private insurance methods to control the increasing costs of the medical care insurance. Benefits of Medicare to senior citizens and their families; Drawbacks of the...

  • Impact of Drug Coverage on Medical Expenditures Among the Elderly. Gilman, Boyd H.; Gage, Barbara; Haber, Susan; Hoover, Sonja; Aggarwal, Jyoti // Health Care Financing Review;Fall2007, Vol. 29 Issue 1, p103 

    Our study compares expenditures for Medicare covered medical services among enrollees in three State pharmacy assistance programs with spending among low-income residents eligible or near-eligible for, but not enrolled in such State-sponsored programs after controlling for between-group...

  • Medicare's Cost Crisis: Solutions Are Within Our Grasp. Regenstreif, Donna I. // Health Affairs;2005 Web-Exclusive Supplement 2, Vol. 24, pR90 

    As this collection of papers shows, Medicare faces serious future challenges as the population it serves grows larger and older in the coming decades. Variation in the way health care is provided-also known as process variability�is a major contributor to the rising costs that are...

  • Medicare Prescription Drug Discount Card Program Could Save All Seniors Without Drug Coverage a Total of $1 Billion.  // Ascribe Newswire: Medicine;4/22/2004, p28 

    Medicare's prescription drug discount card program could save seniors without any other drug coverage an average of 17.4 percent, in out-of-pocket costs, according to an article published today on the journal "Health Affairs" Web site. Juliette Cubanski, a Harvard University health policy...

  • Medicare Prescription Drug Discount Card Program Could Save All Seniors Without Drug Coverage a Total of $1 Billion.  // Ascribe Newswire: Medicine;4/23/2004, p26 

    Medicare's prescription drug discount card program could save seniors without any other drug coverage an average of 17.4 percent in out-of-pocket costs, according to an article published today on the Health Affairs Web site. Juliette Cubanski, a Harvard University health policy doctoral...

  • Finding a Medicare drug plan.  // American Teacher;Dec2007/Jan2008, Vol. 92 Issue 4, p17 

    The article provides suggestions for how retirees can choose the best Medicare prescription drug benefit plan for them. It is recommended that consumers look at different plans and find out if their existing plans have changed. Consumers should investigate the cost of their medications and...

  • Medicare is our healthcare solution -- not the problem. Reich, Robert // Southern Illinois Labor Tribune;8/18/2011, Vol. 75 Issue 3, p10 

    The article offers the author's perspective regarding the issues involving the Medicare in the U.S. The author believes that Medicare is not the budgetary problem of the nation, but a solution. He emphasizes that the main problem is the increasing costs of healthcare that lie beneath Medicare....

  • PRICING OUT MEDICARE. Comarow, Avery // U.S. News & World Report;6/12/2006, Vol. 140 Issue 22, p65 

    The Centers for Medicare and Medicaid Services have published data on the cost of medical care to the government healthcare systems. For example, Medicare paid hospitals more than $35,000 on average in 2005 to insert a heart defibrillator. The U.S. government hopes that heightened appreciation...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics