The 2016 Trustees Report: Yet Another Warning to Congress and the President
The Medicare Trustees have released their long-awaited 2016 annual report. It once again calls for expeditious action by Congress and the executive branch to address Medicare’s growing fiscal problems. The Medicare Trustees project major increases in Medicare spending, fueled by progressively higher taxes, and an even larger long-term Medicare debt than they projected last year.
These are the stark challenges facing taxpayers, who must fund the program over the next 10 years and beyond. Meanwhile, the Trustees warn, Medicare patients could face significant problems accessing quality care from doctors and hospitals, primarily as a result of the relentless set of Medicare payment cuts authorized under current law. This is especially true of payment reductions already authorized under the Affordable Care Act (ACA) of 2010.