Medicare trustees report delayed
NEWS IN BRIEF — Posted April 12, 2010
The Obama administration is delaying the release of this year's annual Medicare trustees report until June 30, months later than usual, according to a White House official.
The delay will allow the government to factor in the impact of the health system reform legislation that President Obama signed into law March 23. The law renders the trustees report -- which typically comes out in early April -- obsolete, because it is expected to provide coverage for more than 30 million uninsured Americans by 2019. The Congressional Budget Office estimated that the health reform law, along with a package of amendments Obama signed into law March 30, also would reduce federal spending by $143 billion over a decade.
Last year's trustees report concluded that Medicare's hospital trust fund would be insolvent by 2017, two years earlier than initially determined. It also projected Medicare Part B expenditures to increase by an average of 5.5% per year through 2013.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2010/04/12/gvbf0412.htm.