Latest News
About Saving Medicare - Kiplinger
Although less reported on than the looming Social Security financial issues, Medicare - our national healthcare plan for seniors - is also facing some pretty troublesome financial times in the near future. The most recent report from the government predicts that Medicare’s hospitalization Trust Fund (for Medicare Part A) will run out of money in 2026, necessitating a cut in payments to providers if no action is taken before then. Although funded differently, Medicare Part B (coverage for outpatient services) and Part D (prescription drug coverage) are also struggling financially because healthcare costs continue to spiral upward, as evidenced by the big increase in Medicare Part B premiums for 2022. The fact is that Medicare is on shaky financial ground, but this Kiplinger article by Jackie Stewart offers up five changes which could transform the Medicare program and restore it to financial solvency. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.