Updated: Jul 7
IS MEDICARE GOING BANKRUPT? July 1, by Steve Bauck
Along with cuts to Social Security, the House Republican Study Committee proposes cutting Medicare by raising the age of eligibility to 69 and essentially converting Medicare into just a subsidy for private insurance. The rationale is that the Hospital Trust Fund (HTF), which funds Part A of Medicare (mainly hospital services), is projected to be depleted in early 2026. Predictably, their proposal is to cut benefits rather than cut costs or raise revenue.
(Read more and get the details in the July Advocate )