New Medicare Regulations to Keep Medicare Strong and Solvent

Whenever the government does anything to make a government entity more strong and solvent it is good for everyone that is involved. This is exactly the case with the Medicare laws that are going in to effect in 2011, more focus on efficiency and growth. If you are unaware of some of the ways that they are making this happen, continue to read on.

  • Over the next 20 years, Medicare spending will continue to grow, but at a slightly slower rate as a result of reductions in waste, fraud, and abuse. The idea of spending more can make you nervous, but this is productive growth. This will extend the life of the Medicare Trust Fund by 12 years and provide cost savings to those on Medicare.
  • In 2018, seniors can expect to save on average almost $200 per year in premiums and over $200 per year in co-insurance compared to what they would have paid without the new law. Paying less in coinsurance and premiums is about as good as it gets for anyone on the program.
  • Upper-income beneficiaries ($85,000 of annual income for individuals or $170,000 for married couples filing jointly) will pay higher premiums. The government enraged a small population with this, but it makes good sense. This will impact about 2% of Medicare beneficiaries.

http://medicare-medicaid.com/medicare/new-medicare-regulations-to-keep-medicare-strong-and-solvent/


Conservatism is a pale horse, and the riders should be called DEATH.