“No one wants a future in which the only ways to make Medicare financially secure are by reducing access or undermining healthcare quality.”
Today’s report by the Medicare Trustees is a sharp reminder that time is limited for policymakers to take prudent, responsible action to secure Medicare’s financial future for generations to come.
In spite of the successful efforts of multiple health industry sectors to significantly reduce Medicare’s per capita annual cost increases, the Trustees continue to project that Medicare will reach insolvency after 2030. So, according to these projections, today’s 50-year-olds who are beginning to think about their retirement years do not have assurance that Medicare will be a sustainable, affordable program after they reach 65. More Details »