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Medicare Trustees report shows the harmful consequences of Republican policies

JacksinPA

JacksinPA

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http://thehill.com/blogs/congress-b...tees-report-shows-the-harmful-consequences-of

This year’s Medicare Trustees report, released last week, confirms what many of us had predicted – the Republican tax cut, efforts to undermine the Affordable Care Act, and other actions taken by the Trump administration have caused a deterioration of Medicare’s Hospital Insurance Trust Fund. It is now scheduled to be unable to pay full benefits in 2026 – three years earlier than the projection made just one year ago.

As the administration renews its attack on the Affordable Care Act by refusing to defend protections for consumers with preexisting condition in court, the report’s findings should serve as a reminder of the sweeping, harmful consequences of the Republican approach to health care.
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The Republican approach to health care is non existent.
 
JacksinPA said:
http://thehill.com/blogs/congress-b...tees-report-shows-the-harmful-consequences-of

This year’s Medicare Trustees report, released last week, confirms what many of us had predicted – the Republican tax cut, efforts to undermine the Affordable Care Act, and other actions taken by the Trump administration have caused a deterioration of Medicare’s Hospital Insurance Trust Fund. It is now scheduled to be unable to pay full benefits in 2026 – three years earlier than the projection made just one year ago.

As the administration renews its attack on the Affordable Care Act by refusing to defend protections for consumers with preexisting condition in court, the report’s findings should serve as a reminder of the sweeping, harmful consequences of the Republican approach to health care.
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The Republican approach to health care is non existent.
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That's pure bull****. The tax cut just took effect a few months ago. What is hurting the trust fund is high demand and lower revenue, as explained in the Trustees report.
 
Bullseye said:
That's pure bull****. The tax cut just took effect a few months ago. What is hurting the trust fund is high demand and lower revenue, as explained in the Trustees report.
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Lower revenue and increasingly unfunded demand are both consequences of the tax law.

According to the report, the tax law will reduce revenues that would have helped finance health benefits for tens of millions of American seniors enrolled in Medicare Part A. The report also concludes that the number of uninsured Americans will spike as a result of repeal of the ACA’s individual mandate. This will force Medicare to expend billions in additional payments to hospitals that provide uncompensated care at the expense of the Hospital Insurance Trust Fund.
The Trustees also found that recent actions by the Trump administration to increase payments to private Medicare Advantage plans are another factor in the worsened financial status of the Trust Fund.
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JacksinPA said:
Medicare Trustees report shows the harmful consequences of Republican policies | TheHill

This year’s Medicare Trustees report, released last week, confirms what many of us had predicted – the Republican tax cut, efforts to undermine the Affordable Care Act, and other actions taken by the Trump administration have caused a deterioration of Medicare’s Hospital Insurance Trust Fund. It is now scheduled to be unable to pay full benefits in 2026 – three years earlier than the projection made just one year ago.

As the administration renews its attack on the Affordable Care Act by refusing to defend protections for consumers with preexisting condition in court, the report’s findings should serve as a reminder of the sweeping, harmful consequences of the Republican approach to health care.
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The Republican approach to health care is non existent.
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We have spent decades being not reasonable and not rational and not responsible about Medicare.

ARGUMENT REJECTED
 
Amelia said:
Lower revenue and increasingly unfunded demand are both consequences of the tax law.
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Medicare isn't financed from general revenue, it comes from payroll tax just like social security so I'm not sure how tax cuts could effect that. Are you quoting the trustees report or The Hill blog? I just read the Trustee's report and what he's saying doesn't make sense.

ETA: just did a search on the Trustee's report - the words "Trump" and "Republican" don't come up. Nor do the Trustees mention people losing ACA coverage as a reason for depletion.
 
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Bullseye said:
Medicare isn't financed from general revenue, it comes from payroll tax just like social security so I'm not sure how tax cuts could effect that. Are you quoting the trustees report or The Hill blog? I just read the Trustee's report and what he's saying doesn't make sense.

ETA: just did a search on the Trustee's report - the words "Trump" and "Republican" don't come up. Nor do the Trustees mention people losing ACA coverage as a reason for depletion.
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Look harder:

It wasn't that hard to find information supporting the OP and the Hill.

https://www.cms.gov/Research-Statis...eports/ReportsTrustFunds/Downloads/TR2018.pdf

2018 Medicare Trustees Report pg. 53 said:
The income from taxation of Social Security benefits is expected to
decrease beginning in 2018 due to recent legislation that lowered
individual income taxes through 2025
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Not to mention the tax law may trigger automatic spending cuts per sequestration, since it added so much to the deficit. Unless congress waives the PAYGO, which they may do, and I expect them to.
 
JacksinPA said:
http://thehill.com/blogs/congress-b...tees-report-shows-the-harmful-consequences-of

This year’s Medicare Trustees report, released last week, confirms what many of us had predicted – the Republican tax cut, efforts to undermine the Affordable Care Act, and other actions taken by the Trump administration have caused a deterioration of Medicare’s Hospital Insurance Trust Fund. It is now scheduled to be unable to pay full benefits in 2026 – three years earlier than the projection made just one year ago.

As the administration renews its attack on the Affordable Care Act by refusing to defend protections for consumers with preexisting condition in court, the report’s findings should serve as a reminder of the sweeping, harmful consequences of the Republican approach to health care.
=======================================
The Republican approach to health care is non existent.
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I hope this information starts to get out, so it can be addressed
 
Winston said:
Look harder:

It wasn't that hard to find information supporting the OP and the Hill.

https://www.cms.gov/Research-Statis...eports/ReportsTrustFunds/Downloads/TR2018.pdf



Not to mention the tax law may trigger automatic spending cuts per sequestration, since it added so much to the deficit. Unless congress waives the PAYGO, which they may do, and I expect them to.
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"taxation of Social security benefits"? That all you got? Sorry, no sale.

You omitted the first part of that footnote by the way:

The increases in estimated income shown in table III.B4 primarily reflect increases in payroll tax income to the trust fund since such taxes are the main source of HI financing. As noted, payroll tax revenues increase in 2013 and later as a result of the additional 0.9-percent tax rate on earnings for high-income workers. For all other workers, while the payroll tax rate will remain constant under current law, covered earnings would increase every year under the intermediate assumptions due to projected increases in both the number of HI workers covered and the average earnings of these workers.
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Bullseye said:
"taxation of Social security benefits"? That all you got? Sorry, no sale.

You omitted the first part of that footnote by the way:
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Lol, don't like being shown to be incorrect, especially about boneheaded GOP policy, do ya?
 
Winston said:
Lol, don't like being shown to be incorrect, especially about boneheaded GOP policy, do ya?
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You haven't done that. You cited a projection that's based on opinion rather than hard numbers unlike my quote of actual facts.
 
Bullseye said:
You haven't done that. You cited a projection that's based on opinion rather than hard numbers unlike my quote of actual facts.
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Look you disputed that the tax law had an impact on revenue for Medicare, then sloppily read the report and came back declaring it didn't say that.

I went in the report, found information that it did and you won't accept it.

Stop being dishonest.


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Winston said:
Look you disputed that the tax law had an impact on revenue for Medicare, then sloppily read the report and came back declaring it didn't say that.

I went in the report, found information that it did and you won't accept it.

Stop being dishonest.


Sent from my iPhone using Tapatalk
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LOL, I'm being dishonest? You're the one that omitted most of that note discussing HI funding and problems thereto. And rested your argument on a comment about what might happen in the future.
 
Bullseye said:
LOL, I'm being dishonest? You're the one that omitted most of that note discussing HI funding and problems thereto. And rested your argument on a comment about what might happen in the future.
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Include the former section and t still proves you wrong.


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Winston said:
Include the former section and t still proves you wrong.


Sent from my iPhone using Tapatalk
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Sure it does. :roll:

Let's look at it again
The increases in estimated income shown in table III.B4 primarily reflect increases in payroll tax income to the trust fund since such taxes are the main source of HI financing. As noted, payroll tax revenues increase in 2013 and later as a result of the additional 0.9-percent tax rate on earnings for high-income workers. For all other workers, while the payroll tax rate will remain constant under current law, covered earnings would increase every year under the intermediate assumptions due to projected increases in both the number of HI workers covered and the average earnings of these workers.
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I don't see anything about Trump's tax policy affecting those revenues. Since the report was written shortly after the cuts went into effect there's no way they could have hard data about what was going to happen 2018-2025 - your paragraph was speculation about HOW the tax cuts COULD affect future revenue, emphasis again on speculation
 
Bullseye said:
Medicare isn't financed from general revenue, it comes from payroll tax just like social security so I'm not sure how tax cuts could effect that. Are you quoting the trustees report or The Hill blog? I just read the Trustee's report and what he's saying doesn't make sense.

ETA: just did a search on the Trustee's report - the words "Trump" and "Republican" don't come up. Nor do the Trustees mention people losing ACA coverage as a reason for depletion.
Click to expand...





Sent from my iPhone using Tapatalk
 
Bullseye said:
Medicare isn't financed from general revenue, it comes from payroll tax just like social security so I'm not sure how tax cuts could effect that. Are you quoting the trustees report or The Hill blog? I just read the Trustee's report and what he's saying doesn't make sense.

ETA: just did a search on the Trustee's report - the words "Trump" and "Republican" don't come up. Nor do the Trustees mention people losing ACA coverage as a reason for depletion.
Click to expand...



Winston said:
Look harder:

It wasn't that hard to find information supporting the OP and the Hill.

https://www.cms.gov/Research-Statis...eports/ReportsTrustFunds/Downloads/TR2018.pdf



Not to mention the tax law may trigger automatic spending cuts per sequestration, since it added so much to the deficit. Unless congress waives the PAYGO, which they may do, and I expect them to.
Click to expand...


In that post I quoted a section of the report showing that the tax law would impact revenue in a negative way,(non-payroll)

Thus refuting your post that it wouldn't.

Sorry man, you can move th goal posts to, "this is all anti-Trump speculation I deal in facts." To which you'll get an eye roll from most.

OR, you can just read documents not in search of a confirmation bias and you'll get a pat on the back from all.



Sent from my iPhone using Tapatalk
 
Winston said:
In that post I quoted a section of the report showing that the tax law would impact revenue in a negative way,(non-payroll)

Thus refuting your post that it wouldn't.

Sorry man, you can move th goal posts to, "this is all anti-Trump speculation I deal in facts." To which you'll get an eye roll from most.

OR, you can just read documents not in search of a confirmation bias and you'll get a pat on the back from all.



Sent from my iPhone using Tapatalk
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Okay, I give up. Already spent more time than it's worth.
 
Bullseye said:
Okay, I give up. Already spent more time than it's worth.
Click to expand...

When I get home I can bold the parts you're unable to see.


Sent from my iPhone using Tapatalk
 
Bullseye said:
I don't see anything about Trump's tax policy affecting those revenues
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You’re citing an Obamacare provision. It is still Trump’s and GOP’s position that Obamacare needs to be repealed, right? Just want to make sure I didn’t miss a significant reversal in their position.
 
Greenbeard said:
You’re citing an Obamacare provision. It is still Trump’s and GOP’s position that Obamacare needs to be repealed, right? Just want to make sure I didn’t miss a significant reversal in their position.
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Actually, we were talking about MEDICARE. Specifically, the recent report from Medicare Trustees on the depletion of Hospital Insurance (HI "trust fund".
 
Bullseye said:
Actually, we were talking about MEDICARE. Specifically, the recent report from Medicare Trustees on the depletion of Hospital Insurance (HI "trust fund".
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The 0.9% Medicare surtax that shored up the HI trust fund that you’re touting is an ACA provision. One that Trump and the GOP spent most of last year trying to repeal. If your point was that Medicare benefits when the GOP fails to enact its policies, agreed.
 
Greenbeard said:
The 0.9% Medicare surtax that shored up the HI trust fund that you’re touting is an ACA provision. One that Trump and the GOP spent most of last year trying to repeal. If your point was that Medicare benefits when the GOP fails to enact its policies, agreed.
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"shored up"? The run dry date moved up three years!
 
Bullseye said:
"shored up"? The run dry date moved up three years!
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The last pre-ACA Trustees Report (2009) projected the HI trust fund would be insolvent by 2017. The following year, after the ACA passed, that date had been pushed back to 2029. Hence the foolishness of the GOP's health policy proposals to turn back the clock.
 
Greenbeard said:
The last pre-ACA Trustees Report (2009) projected the HI trust fund would be insolvent by 2017. The following year, after the ACA passed, that date had been pushed back to 2029. Hence the foolishness of the GOP's health policy proposals to turn back the clock.
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Yeah, and I don't suppose more people working and paying their taxes had anything to do with that, just ACA, right?
 
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