tci Part B Insider - 2008 Issue 12

MEDICARE FUNDING: Medicare Program Risks Going Broke, Report Says

With Part A funding about to bottom out, Part B could be at risk as wellThe 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 B...

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