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View Diary: Projected Medicare spending falls dramatically (49 comments)

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  •  A lower projection based on two years (0+ / 0-)

    of lower Medicare cost increases. Certainly that's something to celebrate, and to tout as Medicare's greater efficiency compared to private health care, but as the CBPP article states, no guarantee the trend will continue.

    No one knows how long this good news will continue, but even if cost growth remains moderate, Medicare spending will keep rising as more baby boomers become eligible for benefits.  Making the U.S. health care system more efficient thus remains our biggest budget challenge.  Yet the recent spending data and CBO’s new projections belie claims that policymakers must radically restructure Medicare to put it on a sound financial footing.

    We cannot mistake absolutism for principle, or substitute spectacle for politics, or treat name-calling as reasoned debate. -Pres. Obama, 1/21/13

    by SoCalSal on Wed Feb 20, 2013 at 07:11:55 AM PST

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    •  But it does show that the original estimates (0+ / 0-)

      were realistic, and were conservative estimates. It so rare for budget projections to be under budget.

    •  Part of the decrease is my increase: I'm paying (0+ / 0-)

      more and I was strapped to afford the monthly deductions and the co-pays BEFORE the increases.  So, let's tamp down the whoop de doo, shall we.  You all are going to be dealing with the costs shifting sooner or later, those of you not yet on Medicare, and you'll get the point--pointedly and painfully.

      Single payer would reduce costs dramatically.  Making me pay more does not.  But have it your way now and pay later, by all means.  On chained CPI SS, too.  Lest we forget yet another looming cost shift.

      Acceleration is a thrill, but velocity gets you there

      by CarolinNJ on Wed Feb 20, 2013 at 08:18:31 PM PST

      [ Parent ]

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