Some good news ...
The latest diagnosis of Medicare by its trustees has found that a dose of Obamacare fights insolvency.
Due to new reimbursement rules under the Affordable Care Act, coupled with higher Medicare tax revenue resulting from rising employment, the trustees projected that Medicare will be solvent through 2031 - four years longer than they projected last year and nearly 14 years longer than they projected two years ago. They also said that the experience so far validates predictions that the ACA reimbursement rules will save a whopping $716 billion in Medicare expenditures from 2013 through 2022.
And contrary to the predictions of Obamacare doomsayers, the sky is not falling for the health care or insurance industries. Enrollment in Medicare Advantage plans, which bore most of the reimbursement cuts, has increased since the ACA took effect.
The news was even better for Social Security. Without any changes, the system will remain solvent through 2033, and even then it would be able to pay about 77 percent of benefits. That means that the system can be made fully solvent for a longer period with only minor tweaks.
Good news goes down harder than a falling sky for some in Washington, so don't expect any reduction in fear-mongering. But the fact is that the crucial programs are in far better shape than the polarized debate indicates.