Tag: medicare spending
While U.S. healthcare costs as a percentage of GDP are by far the highest in the developed world, the news from the 2024 Medicare Trustees Report is relatively good. It is true that the Hospital Insurance (HI) program faces a long-term deficit, but that deficit is the smallest it has been for more than a…
But expenditures remain high – primarily due to high health care costs, not program generosity. This year I, with my sidekick Michael Wicklein, took a more-careful-than-usual look at the Trustees Report for the Medicare program. After all, Medicare – like Social Security – relies on payroll tax revenues, so it’s useful to understand the competing…
