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.