View Full Version : CB): Democrook plan will bankrupt MEDICARE.

06-30-2011, 05:49 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">According to CBOís March 2011 baseline projections, the HI trust fund will be exhausted in 2020. Once the HI trust fund is exhausted, the Centers for Medicare and Medicaid Services will no longer have legal authority to pay health plans and providers. Annual outlays would therefore be limited to annual revenues. If payments to health plans and providers could be made only from annual revenues, which are inadequate to cover total costs, beneficiariesí access to health care services could be reduced. Projections in this report incorporate an assumption that Medicare benefits would continue to be paid regardless of the financial status of the HI trust fund. </div></div>

LET THE DENIALS BEGIN! (http://blog.heritage.org/2011/06/30/cbo-report-shows-without-reform-the-future-of-medicare-ainít-pretty/)