Medicare’s financial condition has taken a turn for the worse because of predicted higher hospital spending and lower tax revenues that fund the program, the federal government reported Tuesday.
Medicare For All? CMS Chief Warns Program Has Enough Problems Already
Seema Verma, administrator for the Centers for Medicare & Medicaid, told insurance executives: “We face tremendous barriers to supporting and bringing innovation to Medicare."
The Trump administration’s top Medicare official has slammed the federal health program as riddled with problems that hinder care to beneficiaries, increase costs for taxpayers and escalate fraud and abuse.
