The Congressional Budget Office stated recently Medicare for Part A (The Medicare Hospital Insurance Trust Fund) will run out of money in 10 years. Why, this fund is largely funded from the Medicare payroll tax, which comprises 89% of the Fund income, so with a shrinking workforce that means the lawmakers need to find money from somewhere else to fund this program.
But there are ways now to help prolong the life of this program; it is through the Medicare RAC (Recovery Audit Contractor) program. The government estimates that in 2015 Medicare lost $43.3 billion due to improper billing by providers; however, due to provider group’s pressure, the government has scaled back this program. Read article here…..
Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org.