These judicial acrobats add to the pressures the administration is already facing from health care industry lobbyists who want to reduce the impact of the law.
Tag: patient protection
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As discussed my previous blog post in July, both Social Security and Medicare are facing serious financial troubles in the near future as a result of Baby Boomers aging into the programs and rising healthcare costs. Medicare has specifically had a bleak outlook for the next few decades as reports in recent years indicated the program will face insolvency if its obligation to provide benefits to a growing pool of enrollees is not balanced by an increase in tax revenues. Trustees of Medicare reported Thursday that cost-cutting measure in The Patient Protection and Affordable Care Act of 2010 have pushed Medicare’s impending insolvency off another 12 years. Because of these provisions in the law, Medicare’s hospital insurance trust fund should remain solvent until 2029. Both the 75 year shortfall for the hospital fund and the projected costs of the Medicare Supplementary Insurance program were further brought down. The trustees warned that though these projections are an improvement over last year’s estimates, additional reforms will be necessary for the programs to be financially sustainable.