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Medicare Report

Medicare Report Medicare's Hospital Insurance Trust Fund, which pays for inpatient hospital care and related care, was substantially improved by the lower expenditures and additional tax revenues instituted by the Affordable Care Act, according to the recently released annual Medicare Trustees Report (http://tinyurl.com/3pzsn67). However, because of a slowdown in the US economy that resulted in lower tax revenues and higher real projected expenditures, it is now estimated that the fund will be exhausted in 2024—5 years earlier than was projected in last year's report—and is not adequately financed over the next 10 years. Medicare Part B expenditure growth in 2010 was lower than expected. Part B, which pays for physician and outpatient services, is funded by a combination of beneficiary premiums and general revenue financing. Part D, which covers the Medicare prescription drug benefit, is also in financial balance. The report notes, however, that the US economy is projected to grow significantly more slowly than the estimated increase in expenditures for Part D and the probable growth rate for Part B. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png JAMA American Medical Association

Medicare Report

JAMA , Volume 305 (24) – Jun 22, 2011

Medicare Report

Abstract

Medicare's Hospital Insurance Trust Fund, which pays for inpatient hospital care and related care, was substantially improved by the lower expenditures and additional tax revenues instituted by the Affordable Care Act, according to the recently released annual Medicare Trustees Report (http://tinyurl.com/3pzsn67). However, because of a slowdown in the US economy that resulted in lower tax revenues and higher real projected expenditures, it is now estimated that the fund will be exhausted...
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Publisher
American Medical Association
Copyright
Copyright © 2011 American Medical Association. All Rights Reserved.
ISSN
0098-7484
eISSN
1538-3598
DOI
10.1001/jama.2011.870
Publisher site
See Article on Publisher Site

Abstract

Medicare's Hospital Insurance Trust Fund, which pays for inpatient hospital care and related care, was substantially improved by the lower expenditures and additional tax revenues instituted by the Affordable Care Act, according to the recently released annual Medicare Trustees Report (http://tinyurl.com/3pzsn67). However, because of a slowdown in the US economy that resulted in lower tax revenues and higher real projected expenditures, it is now estimated that the fund will be exhausted in 2024—5 years earlier than was projected in last year's report—and is not adequately financed over the next 10 years. Medicare Part B expenditure growth in 2010 was lower than expected. Part B, which pays for physician and outpatient services, is funded by a combination of beneficiary premiums and general revenue financing. Part D, which covers the Medicare prescription drug benefit, is also in financial balance. The report notes, however, that the US economy is projected to grow significantly more slowly than the estimated increase in expenditures for Part D and the probable growth rate for Part B.

Journal

JAMAAmerican Medical Association

Published: Jun 22, 2011

Keywords: medicare

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