Word: funds
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...federal budget on a disastrous path. This is largely due to what we're spending on Medicare and Medicaid." Not coincidentally, a new report was released on Tuesday forecasting a dire outlook for Medicare. The report forecast that, based on current trends, Medicare would run out of funds by 2017. Just one year ago, a similar report said Medicare's hospital insurance trust fund would not run short of funds until 2019. (Read "Making Health-Care Reform Pay for Itself...
...report from the Trustees blames the economy for the fact that the Medicare's Hospital Insurance Trust Fund will have exhausted its reserves in 2017 and that the Social Security trust fund will be in the same position in 2037. The report for the two funds makes an attempt to project income and expenses for the funds from 2009 to 2018. While it is improbable that the numbers are correct, a forecast that makes a prediction for a period of a decade could be, if well argued, plausible. But, to accept the results of the report, anyone looking...
...local level. Yesterday’s Washington Post reports how widespread layoffs and curtailment of services by state and local governments are accelerating in spite of the $135 billion dollar “stabilization fund” that is being funneled to the states from the stimulus package (a fund cut by more than $40 billion to win the support of the three Republican senators who voted for cloture). The worst is yet to come. The executive director of the National Governors Association has testified that states are facing a $200 billion deficit over the next two years, a deficit...
...Among policymakers, one of the phrases you hear most often is "bend the cost curve." The need to do precisely that became even clearer on Tuesday, with the release of the annual report of the Medicare trust fund. The trustees projected that the Medicare Part A (or hospital) trust fund will become insolvent by 2017, which is two years earlier than previously estimated. (Read "The Fire This Time: Is This Health Care's Moment...
...McChrystal is eager to take the spotlight. He will also be expected to challenge the Afghan government when it comes to behavior that undermines the war effort. An official with the Joint Chiefs of Staff expects McChrystal to warn President Hamid Karzai to shut down drug-running operations that fund the Taliban, even when their networks run uncomfortably close to Karzai's government. "[McChrystal] will tell him, 'If you don't clean this up, I will,' " says the official...