Medicare Part A will run out of funds in 8 years, Medicare trustee report says | Healthcare Finance News

“Absent a change in the delivery system or level of update by subsequent legislation, access to Medicare-participating physicians may become a significant issue in the long-term under current law,” trustees said.

They recommend the consideration of reforms to prevent the widening of this gap.

If the health sector cannot transition to more efficient models of care delivery and if provider reimbursement rates paid by commercial insurers continue to be based on the same negotiated processes used to date, the availability and quality of healthcare received by Medicare beneficiaries will fall over time, trustees said.

CMS said President Donald Trump’s 2019 budget will strengthen the fiscal integrity of the Medicare program.

CMS has introduced a number of initiatives, including its 2019 proposed rules to create a patient-driven healthcare system with greater price transparency and interoperability. It has also increased choice in Medicare Advantage and beneficiaries will have access to new benefits in 2019.

House Committee on Ways and Means Ranking Member Richard Neal, a Democrat, said of the report “With their repeated efforts to sabotage the nation’s healthcare system, including their irresponsible tax law, congressional Republicans and President Trump are purposefully running Medicare into the ground.”

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Medicare Part A will run out of funds in 8 years, Medicare trustee report says | Healthcare Finance News.