Late last week, President Trump signed an Executive Order with sweeping implications for how Medicare is priced and, by extension, how much the government winds up spending annually on Medicare.
Share to twitterTHE VILLAGES, FLORIDA, UNITED STATES - 2019/10/03: U.S. President Donald Trump signs an Executive Order #13890 at the Sharon L. Morse Performing Arts Center. with sweeping implications for how Medicare is priced and, by extension, how much the government winds up spending annually on Medicare. In fact, the whole EO signing ceremony is really designed to satisfy the optics of executive action where none is legally permissible.
Long sentencing aside, HHS Secretary Alex Azar is to submit a report within 180 days “that identifies approaches to modify Medicare Fee-For-Service payments to more closely reflect the prices paid for services in MA” Taken literally, that’s a huge price increase – and could easily bankrupt the Medicare Trust Funds in a matter of months. In fact, many argue that our current healthcare cost crisis stems from inelastic pricing in the commercial insurance market.
RAND Health Care Study: Prices Paid to Hospitals by Private Health Plans Are High Relative to Medicare and Vary Widely Our final variable is the balance in the Medicare Trust Fund. In April of this year, the Board of Trustees of the Medicare Trust FundsTable II.B1 from Annual Board of Trustees report
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