Obamacare’s alleged savings not real according to a report from the program’s Trustees

A recent study carried out by actuaries at the Centers for Medicare and Medicaid Services (CMS), the Patient Protection and Affordable Care Act, informally referred to as Obamacare will save Medicare Plan almost $200 billion by 2016. They further stated that the law will save seniors nearly $60 billion in out-of-pocket costs. But this has been refuted by a report from the program’s Trustees released just after that. Medicare’s hospital insurance trust fund is still on track to be used up in 12 years.

In 2011, Medicare encompassed 48.7 million Americans and cost nearly $550 billion. There is presently a $280-billion gap between the premiums and taxes the program takes in and the benefits it provides. Ever since the last presidential election, the amount by which benefit payments surpass devoted tax collections has nearly quadrupled.
This fiscal trend is said to be untenable. Medicare Supplement Plan is improperly financed over the next ten years, as per the Trustees. The pressure on Medicare’s cost has increased even more with the “Baby Boom” generation starting to retire. In other words, Obamacare’s supposed savings are unrealistic and Congress needs to adopt a fresh approach to save the program from fiscal oblivion.

For more information please visit us @ www.medigap4seniors.com, , or call us at 888-502-5553 to speak with one of our Medicare experts.

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