Opinion: 10 Reasons the Super Committee should cut Medicare
Forbes, November 2, 2011
The Super Committee has until November 23 to come up with a way to reduce the budget deficit by $1.5 trillion over 10 years. Medicare is expected to bear about $400 billion of cuts to reach that target. It's a few whiskers shy of a 10% annual haircut. The health insurance program for the elderly hasn't been trimmed so short since the Balanced Budget Act of 1997. The BBA cut $112 billion in total Medicare spending over four years, without any measurable negative impact on public health. Still, expect the Committee to get a lot of grief. What "Mediscare" critics fail to recognize is that fiscal austerity has been a blessing for the program in the past.
Most Viewed
Most Emailed
- Primary Care Docs Average More Hospital Revenue Than Specialists
- 69% of Employers Plan to Offer Healthcare Coverage After 2014
- How Chargemaster Data May Affect Hospital Revenue
- House Lawmakers Grill CMS Over Health Exchange Navigators
- ED Physicians Key to Half of Hospital Admissions
- Insurer's App Aims to Lower Healthcare Costs, Securely
- Don't Let Nurses Sink Your Bottom Line
- Q&A: Catholic Health Initiatives' New Senior VP for Capital Finance
- Building a Better Healthcare Board
- Hospital Pricing Irks Nurses; More Jobs, Less Pay
