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Medicare Spending: Urgent Changes Needed for Fiscal Health
At first glance, there appears to be a reduction in the Medicare spending. Year-over-year comparisons in Medicare spending for October and November fiscal years (or, FY) 2013 and 2014 indicate a decline in spending for FY 2014. Preliminary spending declined by 3 percent, or $3 billion dollars. If a one-off payment is considered – which should have occurred in September according to the Congressional Budget Office (or, CBO) — spending appears to decrease by 8 percent, or $7 billion. Read more…
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