Monday, September 1, 2014

Medicare Costs to Lower



       I found an article from The New York Times titled, “Medicare: Not Such A Budget-Buster Anymore”,from August 27, 2014.
       The continuation of Medicare has been a debated topic for quite some time because of the believed astronomical expense.
       This article reveals startling new evidence that the current Medicare budget for 2019 is $95 billion, less than was projected in 2010. This means that although the deficit for the United States is high, it is not viewed to rise quite as high as previously thought.
The Congressional Budget Office (C.B.O.) is the organization responsible for estimating the cost of Medicare in the future. It is important to keep in mind that the numbers are estimates, and other factors that affect reductions should be taken into consideration. The Affordable Health Care Act and members of the health care industry, including doctors and their patients, have helped make remarkable strides in reducing costs.
While it is encouraging that the changes being made are making an impact to the deficit, it is not known if Medicare costs will rise or fall when the economy strengthens.
       I plan on becoming a speech-language pathologist and I hope to work in a hospital with elderly patients so Medicare costs are of great interest to me. In the future, I may not be able to help many patients with Medicare because I would not be compensated financially. I would be forced to accept more patients that pay privately, in order to make a living.