KevinMD September 9, 2023
Each year, Congress goes through its annual budget process to determine how to spend more than $6 trillion on America’s priorities. This year, as part of the discussions on how to spend Medicare’s $900 billion budget, we are being told the Medicare Trust Fund, which is projected to spend $415 billion in 2023 for Part A expenditures, which cover inpatient hospital, skilled nursing facility, nursing home, home health, and hospice care, risks going bankrupt by 2031 unless policymakers act quickly.
Policy and budget debates often revolve around cutting services to save money, raising taxes to pay for services, or a combination of both. When it comes to protecting Medicare, recent research points to an opportunity to reduce costs by giving...
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