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

 

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