Navigation Links
Medicare Trustees' Report Highlights Need for Reform
Date:3/26/2008

Actuaries Unveil Election 2008 Resources for Voters on Health Care and Social Security

WASHINGTON, March 26 /PRNewswire-USNewswire/ -- The American Academy of Actuaries said the most recent Medicare trustees' report calls for comprehensive reform to address the program's long-term financing issues. According to the program's trustees, Medicare's Hospital Insurance (HI) expenditures currently exceed income from payroll taxes, and Medicare must rely also on interest accrued on trust fund assets. Beginning in 2010, these expenditures will exceed income including interest, and Medicare will draw upon its HI trust fund assets. The trust fund is projected to be depleted by 2019, when tax revenues would cover only 78 percent of program costs.

"The sooner these long-term financing problems are addressed, the more flexible and gradual the solutions can be," the Academy's Senior Health Fellow Cori Uccello said. "All of the presidential and congressional candidates must not only acknowledge these problems, but also offer insights as to how they would address them."

To provide voters with the information they need to better understand Medicare, health care reform issues, and Social Security, the Academy has unveiled a new election 2008 web-based resource center. The resource center offers a series of health care reform issue backgrounders on various topics, including rising health care spending, consumer-driven health plans, and medical insurance pooling mechanisms. It also offers an election guide on Social Security, which reviews the questions candidates should answer about potential reform options. All are available at: http://www.actuary.org/issues/elect08.asp. For an actuarial perspective on the Medicare trustees' report, please visit: http://www.actuary.org. To schedule an interview with Cori Uccello, please contact Andrew Simonelli, assistant director of communications for the American Academy of Actuaries, at 202.785.7872.

The American Academy of Actuaries' mission is to serve the public on behalf of the U.S. actuarial profession. The Academy assists public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries in the United States.


'/>"/>
SOURCE American Academy of Actuaries
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. PCMA: Independent Drugstore Lobbys Prompt Pay Agenda Could Cost Medicare $3.3 Billion Over the Next Decade
2. Pelosi Statement on Social Security and Medicare Trustees Reports
3. Blunt: Trustees Report is a Reminder of Medicare and Social Security Crisis
4. Media Alert: Statement on the Report of the Trustees of Social Security and Medicare
5. NASI Experts Available to Comment on 2008 Social Security and Medicare Trustees Reports
6. AUDIO from Medialink and UnitedHealthcare: Medicare Open Enrollment Ends March 31
7. Medicare Bidding Program for Durable Medical Equipment May Harm Small Businesses and Decrease Patient Access to Care, Say 137 Members of Congress
8. New Analysis of Bush FY 2009 Budget: Texas Medicare Cuts 4th Highest in Nation
9. New Poll Shows Public Worried About Medicare Cuts Impact on Seniors, Boomers - Wants Congress To Act
10. Avalere Study Shows Medicare Part D Helping People with Type 2 Diabetes; Warns People with Diabetes of Probability of Reaching the Donut Hole
11. New AHIP Study in Health Affairs Challenges Previous Assumptions About Medigaps Impact on Medicare Costs
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/31/2016)... (PRWEB) , ... May 31, 2016 , ... Throughout the day, adults often find themselves ... motivation and awareness, but what they could be reaching for instead is a cup of ... that are grown in Japan. This sacred tea is harvested from early June to mid-July, ...
(Date:5/31/2016)... ... , ... Twenty years ago it was revolutionary: enabling the people who hear ... they hear. But this approach has proven transformative, both for people who hear voices ... and now is used around the world, but it still lags in the United ...
(Date:5/31/2016)... ... May 31, 2016 , ... Spartan ... that enables unprecedented portability and convenience. , The Cube is exceptionally small—it takes ... size, the Cube fits easily into any space, whether in a hospital, doctor’s ...
(Date:5/31/2016)... Francisco, CA (PRWEB) , ... May 31, 2016 , ... ... cases for digital-minded professionals, announces the waxed-canvas and leather Duo Dopp Kit , ... durable waxed canvas or ballistic nylon, the Duo is smartly designed for ...
(Date:5/31/2016)... ... May 31, 2016 , ... Phynd Technologies, Inc. announced recently the signing ... Houston, TX and Shore Medical Center – Somers Point, NJ. The new clients range ... solutions, demonstrating the breadth of Phynd’s solution and its interoperability. , Houston Methodist is ...
Breaking Medicine News(10 mins):
(Date:5/31/2016)... May 31, 2016 ... Assembly zur Eliminierung von viraler Hepatitis    ... historische Verpflichtung eingegangen, virale Hepatitis bis 2030 zu ... World Health Assembly haben sich die Staaten einstimmig ... Hepatitis (Global Viral Hepatitis Strategy) zu verabschieden, was ...
(Date:5/30/2016)... York , May 30, 2016 ... report titled, "Advanced (3D/4D) Visualization Systems Market - Global ... - 2024." According to the report, the global advanced ... Bn in 2015 and is anticipated to expand at ... reach US$ 3.2 Bn in 2024. Advanced ...
(Date:5/30/2016)... , May 30, 2016 ... "Healthcare Analytical Testing Services Market by Type (Stability, ... Services), by End User (Pharmaceutical Companies, Medical Device ... MarketsandMarkets, The market witnessed healthy growth during the ... a CAGR of 11.3% between 2016 and 2021 ...
Breaking Medicine Technology: