Tuesday, November 30, 2010

Medicare cuts delayed once again

Yesterday, it was announced that Congress would put off voting for Medicare cuts one more month, visiting the issue again on January 1. The cut of 23% was to be voted tomorrow. This has been happening for the past year, and the next vote, the cuts will be raised to 25%. The delays, which have been happening for a year, were suppose to allow Congress to develop a new overhaul to re-invigorate the Medicare system.

At the end of the article, featured in the Kansas City Business Journal, there are two possible solutions featured:
1) In 2018, seniors would begin paying an additional premium.
2) In 2021, seniors would receive a voucher to pay for their private health care. In addition, the coverage age would be change to 67 in 2032.

The Medicare Congress, taking place January 24-26, 2010, in Phoenix, Arizona looks at many of the issues facing Medicare today, including a the keynote presentation "The Future of Private medicare: Assessing the Impact of Reform," from Susan Dentzer, Editor-in-Chief, of Health Affairs and a moderated Q&A session moderated by Murray N. Ross, PhD, Vice President, Kaiser Foundation Health Plan. To find out more about The Medicare Congress, visit the webpage and download the brochure.

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