Comments by "Janis Williams" (@janiswilliams2766) on "Glorious Life On Wheels"
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Please read up on Project 2025 and come to your own conclusions. There are two areas in the document that address Medicare and Medicaid. Here is a snippet from PBS.
Project 2025 would raid the Medicare trust fund
Insurance company profits have skyrocketed over the past decade, due in large part to increased revenue from MA plans. Gross margins for MA plans in 2023 were $1,982 per enrollee, more than double the $910 gross margins in group market health insurance plans, such as the plans people get through their jobs. In 2023, “administration” (which includes exorbitant salaries and profit) made up an average of 13 percent of MA spending. Traditional Medicare, despite being labeled “the bureaucrat-driven fee-for-service system” by Project 2025, spends less than 2 percent on administration and doesn’t take any profit.
The Medicare Hospital Insurance (HI) Trust Fund is projected to be insolvent by 2036 unless congressional action is taken. The Biden-Harris administration has called for extending the solvency of the Medicare trust fund by at least 25 years by modestly increasing the Medicare tax rate on income above $400,000, closing loopholes in existing Medicare taxes, dedicating the Medicare net investment income tax to the HI Trust Fund, and crediting savings from prescription drug reforms to the HI Trust Fund. Astonishingly, Project 2025’s proposal is to enroll even more Medicare beneficiaries in the option that costs 22 percent more per enrollee.
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Project 2025 would raid the Medicare trust fund
Insurance company profits have skyrocketed over the past decade, due in large part to increased revenue from MA plans. Gross margins for MA plans in 2023 were $1,982 per enrollee, more than double the $910 gross margins in group market health insurance plans, such as the plans people get through their jobs. In 2023, “administration” (which includes exorbitant salaries and profit) made up an average of 13 percent of MA spending. Traditional Medicare, despite being labeled “the bureaucrat-driven fee-for-service system” by Project 2025, spends less than 2 percent on administration and doesn’t take any profit.
The Medicare Hospital Insurance (HI) Trust Fund is projected to be insolvent by 2036 unless congressional action is taken. The Biden-Harris administration has called for extending the solvency of the Medicare trust fund by at least 25 years by modestly increasing the Medicare tax rate on income above $400,000, closing loopholes in existing Medicare taxes, dedicating the Medicare net investment income tax to the HI Trust Fund, and crediting savings from prescription drug reforms to the HI Trust Fund. Astonishingly, Project 2025’s proposal is to enroll even more Medicare beneficiaries in the option that costs 22 percent more per enrollee.
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