Industry Notes:
Medicare Spending To Trend Up
Published on Fri Jun 16, 2023
Don’t be surprised if and when lawmakers start looking anew for places to cut the Medicare budget. Why? “Average annual expenditure growth of 7.5 percent is projected for Medicare over 2022-2031,” says the Centers for Medicare & Medicaid Services Office of the Actuary. They may opt to hold onto one of their favorite rate-cutting mechanisms, the sequestration reduction of 2 [...]