Staff Reports
A recent report on Medicare’s financial health has been making headlines, claiming the program’s solvency has been extended by five years. However, this report, released by trustees appointed by the Biden Administration, may not be telling the whole story. With prominent figures like Health and Human Services Secretary Xavier Becerra and Acting Labor Secretary Julie Su on the board, it’s clear there may be political bias at play.
New Report on Medicare Solvency Showcases Fairytale Accounting Xavier Becerra and Julie Su Are Known Forhttps://t.co/9Aw8ixef2s
— RedState (@RedState) May 14, 2024
The report credits future savings on prescription drugs to the Inflation Reduction Act, but there are doubts about whether these savings will actually materialize. Additionally, the report fails to give credit to Medicare Advantage, a program that has been shown to increase entitlement solvency. It’s ironic that while the Biden Administration benefits from Medicare Advantage’s positive impact on solvency, they have consistently made cuts to the program.
As Secretary Becerra eyes a potential run for Governor of California, it’s crucial to scrutinize the accuracy of the information presented in this report. With more than 50% of eligible seniors choosing Medicare Advantage, it’s important to consider all factors that contribute to Medicare’s financial outlook. It’s essential not to overlook the potential impact of Medicare Advantage and to question the decisions made by the Biden Administration regarding this program.
