Editorials React to Trustees’ Report on Medicare Insolvency
Several newspapers on Thursday published editorials responding to a Medicare trustees report issued Tuesday that said the trust fund Medicare uses to pay for beneficiaries' hospital care will be insolvent by 2017, two years earlier than predicted by trustees last year. Summaries of the editorials appear below.
Akron Beacon Journal: While major health care reform can improve Medicare, Congress should not overlook "that there are changes to Medicare alone that would reap savings, roughly $266 billion a year during the next decade," the editorial says. It adds that President Obama's proposal to end overpayments to private insurers participating in Medicare Advantage is one such change. The editorial concludes, "Beyond the legislative combat of crafting change, comes the need to pay more (in taxes) or reduce services and benefits" (Akron Beacon Journal, 5/14).