Pick the facts you like ... I guess ...
The link above is from Kaiser Family Foundation which gets its data mostly from Trustee Boards (see the fine print) ...as well as the excerpts below ...
Description: In almost every year to date since Medicare’s inception, total income to the Part A (Hospital Insurance) Trust Fund exceeded expenditures, until 2008. Under current law, Medicare spending is projected to exceed income to the Part A Trust Fund until 2014, when income will again exceed spending through the remainder of the projection period.I think this says Medicare Part A is now good until 2029 vs 2019 thanks to ObamaCare?
Title: 2009 and 2010 Projections of the Medicare Part A Trust Fund Balance, 2010-2019
Description: Medicare’s financial condition is measured in a number of ways, including assessing the status of the Part A Hospital Insurance Trust Fund (i.e., the number of years to depletion of the trust fund). The Part A Trust Fund is projected to be depleted by 2029, 12 years later than the 2009 projection of 2017. This is largely due to reductions in the growth rate of Medicare spending as a result of provisions in the 2010 health care reform law, as well as a provision to increase the payroll tax paid by higher-income people. As a result, the Part A Trust Fund is projected to have a positive asset balance of $317 billion at the end of 2019.
Now remember this is part A and there are other parts ... so what is Paul Ryan really doing ... trying to save Medicare or just "pandering" to special interests or his ideology (Ayn Rand).
4/24/2012 Update - The Trustees are out with a new report ... gather your facts, look at past projections and history ... express yourself.
WIStateJournal Social Security heading for insolvency even faster ... watch the tricky language! How was the cut enacted ... lower payroll tax or cap on service payments ... reduction in general fund allotment? It makes a difference. The first two would be policy to stimulate the economy to create job growth.
Congress enacted a 2 percent cut for Medicare last year, and that is the main reason the trust fund exhaustion date did not advance.I would add ... not really!!!!
Paul Ryan & Ayn Rand ... Shrug
WI 1848 Forward: 2033 Now- #Medicare Facts/Projections vs #PaulRyan : #Obama #AARP #47% #99% vs #1% #elites #Boehner
WI 1848 Forward: 2033 Now- #Medicare Facts/Projections vs #PaulRyan : #Obama #AARP vs #1% #elites keep yelling fire