Medicare Part C provides a contemporary way for one to boost health results without shortening the financial solvency of the program before 2014.
Like any piece of news, there is both good and bad when it comes to the latest Medicare Trustees report.
To start things off on a positive note, the good news is very uplifting and is sure to bring a smile while you sip at your morning coffee. The hospital insurance trust fund has been calculated to run out as of 2024 just last year. This year, however, we’ve been informed that it won’t run out until 2026. This adds an extra three years of funds, which all add up to a multimillion dollar difference. The entire program has been going downhill since 08’, so this life expectancy update brings as much joy as a maternal mother jumping excitedly because she’s been told her baby will live a few extra years.
Now it is time to unleash the bear of bad news. Although the information stated above is positive, the bigger picture is very much pixilated. The financial crisis is still as hot as a toaster oven left on overnight.
The nation as a whole has logical reasoning behind their concerns for the growth and expenses of Medicare. Ten thousand baby boomers are going to turn 65 years old every single day. This calculation is expected to remain steady for eighteen consecutive years. The financial volcano has finally erupted, burning the chances of a better future for Medicare Advantage Plans. 2014 is right around the corner, and the odds of tipping the scale in the nations favor is as bleak as a vulture learning to fly moments after hatching. In ten years from the year 2014, the vulture population will probably decrease as the baby boomers are projected reach a populous of 66 million, a profound increase from the previous 50.3 million.
The Medicare Advantage Plan has what it takes to supply high quality health coverage to these baby boomers at decent cost. The saddest part of all is the fact that many of the full benefits that come along with the Advantage Plan. The hopes are that people will finally shed light on the shadows of doubt circling around the inevitable. Saving lives, controlling the budget and ultimately improving the system are all qualities that the Medicare Advantage Plan has potential to deliver.