Last year, the Department of Health and Human Services predicted Medicare would go broke by 2017. The new predictions claim that it now will take 12 additional years before insolvency occurs. The reason? The new health care reform bill will feed the Medicare Hospital Insurance Trust Fund with more and more cash. Anyone know where the money is coming from? They claim it will come from better fraud detection, different models of care, and rewards for quality. Oh, and lots of new taxes.
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