The nation’s leading research and advocacy organization supporting Medicare Advantage, Better Medicare Alliance (BMA), released a statement on the annual Medicare Trustees Report from the U.S. Department of the Treasury, Departments of Health and Human Services and Labor, CMS, and the Social Security Administration.
The report shows an improved fiscal outlook compared to last year and predicts that funds will last two years longer than expected. BMA President and CEO Mary Beth Donahue said in the statement she hopes the news will encourage policymakers to continue making advancements in MA to protect the nation’s seniors and individuals with disabilities.
The report concludes that lawmakers have many policy options that would reduce or eliminate the long-term financing shortfalls in Medicare. Policymakers must take action sooner rather than later and address projected shortfalls so that Medicare can continue to be a lifeline for future generations.
Click here for details from BMA.