Telling Americans the truth about Medicare and Social Security is not fashionable these days. The AARP and others mislead and create a false sense of security while intentionally hampering the ability to find solutions.
Claim: We need to do this (make prospective changes): Medicare is going broke.
Fact check: Medicare has some financial challenges as the population ages and health costs increase. But it’s not going bankrupt.
The program has enough money coming in from payroll taxes and other sources to fully pay hospital insurance costs until 2028, according to the latest Medicare Trustees report. And even after that, incoming revenue would be enough to cover 87 percent of these costs in 2028, gradually decreasing to 79 percent in 2040. Source: AARP
Enough money to pay claims for nine more years‼️ Whoopee‼️‼️ If you are running out of money and your expenses are rising, you are headed for bankruptcy. The problem with the AARP and other groups and politicians is that they are incapable of taking a long-term view.
For the last eight years and before nothing has been done to make Social Security and Medicare sustainable so to say Medicare will be okay until 2028 is foolish; that is only eleven years away. And as the Trustees have said of both programs, the longer we wait to do something, the more draconian the changes will have to be.
The AARP and other organizations continually mislead Americans about Medicare and Social Security.
Read what the Trustees said in their last annual report. It calls for changes. Changes that the AARP tells it members are not necessary.
The financial projections in this report indicate a need for substantial steps to address Medicare’s remaining financial challenges. Consideration of further reforms should occur in the near future. The sooner solutions are enacted, the more flexible and gradual they can be. Moreover, the early introduction of reforms increases the time available for affected individuals and organizations—including health care providers, beneficiaries, and taxpayers—to adjust their expectations and behavior. The Trustees recommend that Congress and the executive branch work closely together with a sense of urgency to address the depletion of the HI trust fund and the projected growth in HI (Part A) and SMI (Parts B and D) expenditures.