CBO on Long Term Budget for Medicare and Medicaid

Two weeks ago the Congressional Budget Office (CBO) released it's 2012 Long-Term Budget Outlook.  In it, they predicted that the spending for Medicare and Medicaid would double over the next 25 years.  Twenty five years may sound like a long time, but it will be here before we know it.  And the consequences of 5% of the economic spending going to Medicare and Medicaid increasing to 10% are unimaginable.  Just take a moment and think about it. Ten percent of all spending in our economy will go to just Medicare and Medicaid.  Think of all the other programs and institutions out there.  What else we will be able to do when so much of our economy is devoted to just these two things?  Remember, this is not all health related spending.  This is just for Medicare and Medicaid.  Keep this in mind as we move forward these next twenty five years.

Any day now we will be hearing from the Supreme Court in response to the Affordable Care Act.  What happens next will affect all of us in one way or another.  If all or parts are overturned there will be consequences and if none of it is overturned, there will be even more consequences.  Stay tuned for the updates.  We will continue to keep our readers informed of all mandates and requirements as they present themselves. 

If you would like to reach us you may contact Lisa Boyajian at lisa@ansainsuranceservices.com or call us at (714)680-5900.  As always please check us out on the web at www.ansainsuranceservices.com .