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
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    stress management for healthcare workers
    3 Tips For Healthcare Professionals: How To Stay Beautiful, Healthy, and Happy
    November 2, 2021
    importance of relaxing on the weekend for your health
    Importance of Relaxing During the Weekend for Optimal Health
    March 25, 2022
    LASIK Eye Surgery
    What Is LASIK Eye Surgery?
    May 16, 2022
    Latest News
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    healthcare IT
    Telemedicine’s Achilles’ Heel: The Telephone
    May 16, 2013
    Disaster Management
    September 9, 2017
    health IT
    ikaSystems CEO Joe Marabito on Transforming Health Plan IT Systems [TRANSCRIPT]
    June 7, 2013
    Latest News
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 22, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 22, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 22, 2025
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
  • 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

flexible spending accounts
Fall Marketing Strategy: Financial Advantage Reminder for Patients
Marketing Shared Appointments: Paradigm Shift in Healthcare [Podcast]
Should Healthcare Care About Branding?
Kristof Asks the Right Question: Do We Have the Courage to Stop This?
1.1 Million Elderly Taken to ED for Adverse Medication Reactions

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

engineer fitting prosthetic arm
How Social Security Disability Shapes Access to Care and Everyday Health
Health care
August 20, 2025
a woman explaining the document
How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
Public Health
August 20, 2025
physiotherapist at work
How One Fall Can Lead to a Long Road of Medical Complications
Health care
August 20, 2025
Common Healthcare Accreditation Programs
7 Most Common Healthcare Accreditation Programs: Which Should You Use?
Health News
August 20, 2025

You Might also Like

Is Big Data going too far?
Business

Big Data Could Bring Your Credit Card History to Your Doctor

July 29, 2014

Using Social Media to Promote Your Healthcare Events

July 9, 2015

Who Will Drive Social Media Use in Health Care? Part 1

July 1, 2011

Four Drugs – Each Creating A Tough Dilemma

March 19, 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?