By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Medicare Trustees Release Annual Report
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Public Health > Medicare Trustees Release Annual Report
BusinessNewsPublic Health

Medicare Trustees Release Annual Report

KennethThorpe
KennethThorpe
Share
3 Min Read
SHARE



This week the Board of Trustees for Medicare released their annual report on the financial operations and long-term outlook of the Medicare program, among others.  The report offered the same anticipated time frame as last year’s findings – the Medicare trust fund will be “exhausted” by 2024.  Monday’s news ignited a frenzy of debate among interested parties, with the Administration pointing to improvements in the program’s outlook thanks to provisions in the Affordable Care Act, while others leveraged it as validated rationale for reforming the program altogether.  Regardless of party lines, this fact holds true – in order to truly bend the cost curve and improve the outlook of our health care system, we must collectively focus on tackling the number one health care cost driver– chronic disease. 

Medicare spending will grow faster than the trustees projected, according to Medicare Chief Actuary Richard Foster.  When you consider that largely preventable and highly manageable chronic diseases account for more than 90 cents of every dollar spent on Medicare and Medicaid, yet we spend less than 5 cents on prevention, there’s undoubtedly much that can be done to improve the solvency of this long-standing program by improving the health of beneficiaries.  Supporting evidence-based, well-designed programs that better prevent, detect and manage cancer, heart disease, diabetes and other chronic diseases is a solid approach to achieving this. 

More Read

Cleveland Clinic Offering Global Care Air Rescue and Evacuation Services Program For an Annual Fee
Hot Off the Presses: URAC Specialty Pharmacy Updates
Unbundling the Bundled Payment Program
Care Coordination Is Critical For Those With Chronic Conditions
Does Your Smartphone Know More About Your Health Than You Do?

The “exhaustion” of the Medicare Hospital Insurance Trust Fund by 2024 means that the fund won’t have enough money on hand to cover the benefits they’re designed to provide, and that could translate into a reduction in services, higher copayments, or both for older Americans.  With the Medicare population primed to double by the year 2030, now more than ever what’s needed is a renewed focus on investing in and promoting policies that will both tackle the incidence of chronic disease and reduce health care spending.  Doing so would provide the greatest promise of improving the outlook of Medicare, the overall health care system and the health and well-being of millions of Americans. 

TAGGED:Medicare
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

dental care
Importance of Good Dental Care for Health and Confidence
Dental health Specialties
October 2, 2025
AI in Healthcare
AI in Healthcare: Technology is Transforming the Global Landscape
Global Healthcare Policy & Law Technology
October 1, 2025
Choosing the Right Swimwear for Health and Safety
News
September 30, 2025
sports concussions
Concussion In Sports: How Common They Are And What You Need To Know
Infographics
September 28, 2025

You Might also Like

patient data security
BusinesseHealthMedical RecordsTechnology

7 Great Tips for Securing Personal Health Information

May 21, 2014
healthcare providers
Hospital Administration

How Revenue Lifecycle Management Helps Healthcare Providers to Optimize Business Operations

September 6, 2023
WHO_signs
Global HealthcareHospital Administration

Human Systems Start with…Humans

November 2, 2014

Meaningful Use, Secondary Use and Big Data

February 27, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?