Medicare’s monetary future unexpectedly bought quite a bit rosier, not less than based on some federal price range wonks.
The Congressional Price range Workplace not too long ago printed its long-term predictions of the federal price range and buried an enormous shock for individuals who observe the Medicare program. The federal government’s main piggy financial institution that pays for Medicare advantages received’t be depleted till 2052 — 17 years later than what CBO analysts predicted final 12 months.
“It sort of was a shocker to me,” mentioned Invoice Hoagland, a senior vice chairman on the Bipartisan Coverage Middle who began his profession on the CBO when it was first established in 1975. Hoagland and his well being care colleagues shared the CBO report and pored over the Medicare estimates.
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