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As 'Super Committee' Ponders Medicare Cuts, Actuaries Weigh In
Medicare has been on the express train to insolvency for years. The Joint Select Committee on Deficit Reduction, now mulling a number of budget-slashing proposals, could accelerate the ride, affecting Medicare costs and access to quality care for beneficiaries. The solution, says the American Academy of Actuaries, lies in slowing the growth in overall healthcare spending.
Paying for out-of-country care and encouraging Medicare beneficiaries to travel outside the US for surgery to certain lower cost and higher quality locations would be a great idea.