Friday, April 27, 2012
The Medicare Trustees’ Report and the $8.1 Trillion Double Count
I have a new post up at the Weekly Standard blog on the recently released 2012 Medicare and Social Security trustees’ reports:
You can read the rest of post here, and see the trustees’ reports here and here.
The other important story with respect to Medicare’s finances isn’t covered at all in the trustees’ report.... That’s the double counting of Medicare tax hikes and spending cuts in the Obamacare legislation.
Earlier this month, Chuck Blahous, one of two public trustees for the Medicare program, brought renewed attention to this subject when he released a paper documenting the double count and quantifying its impact on the federal budget. According to Blahous, when cost estimates are adjusted to remove the effects of double counted Medicare “savings” provisions, Obamacare increases the deficit by as much as $530 billion over ten years....