Lower Skilled Nursing Payments Leads to Extended Medicare Expiration (CI) (AET)
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Price: $272.01 +2.45%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.2%
EPS Growth %: -4.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.2%
EPS Growth %: -4.1%
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Medicare will live on...at least, for a little while longer.
Medicare trustees said Friday that insolvency of the Medicare Hospital Insurance will exhaust its assets in 2026, which is two-years later than projected last year. Social Security will be depleted in 2033, which is flat with last year.
The Medicare trustees said that pushing the date back was due in part to projections of lower spending on skilled nursing facilities in the future.
Trustees include: Treasury Secretary Jack Lew, Health and Human Services Secretary Kathleen Sebelius, Acting Secretary of Labor Seth Harris, Acting Commissioner of Social Security Carolyn Colvin, Charles Blahous, a former economic advisor to George W. Bush, and Robert Reischauer, who formally headed the Congressional Budget Office.
There are currently 50 million Americans collecting Medicare and 55 million on Social Security.
NBC News noted today that in the 1960s, there were about five workers paying into Social Security for each person receiving benefits, with that number expected to be 2.3 workers by 2025 and just 2.1 in 2035.
Along with names like Cigna (NYSE: CI) and Aetna (NYSE: AET), others are on watch as well today.
Medicare trustees said Friday that insolvency of the Medicare Hospital Insurance will exhaust its assets in 2026, which is two-years later than projected last year. Social Security will be depleted in 2033, which is flat with last year.
The Medicare trustees said that pushing the date back was due in part to projections of lower spending on skilled nursing facilities in the future.
Trustees include: Treasury Secretary Jack Lew, Health and Human Services Secretary Kathleen Sebelius, Acting Secretary of Labor Seth Harris, Acting Commissioner of Social Security Carolyn Colvin, Charles Blahous, a former economic advisor to George W. Bush, and Robert Reischauer, who formally headed the Congressional Budget Office.
There are currently 50 million Americans collecting Medicare and 55 million on Social Security.
NBC News noted today that in the 1960s, there were about five workers paying into Social Security for each person receiving benefits, with that number expected to be 2.3 workers by 2025 and just 2.1 in 2035.
Along with names like Cigna (NYSE: CI) and Aetna (NYSE: AET), others are on watch as well today.
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