CBO: Medicare Spending to Rise Rapidly Over Next Decade

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Peter Barnes now let's bring in -- -- he's former deputy secretary of health and human services.

Health care expert Teddy.

Should we be surprised by these that likely in a bigger than expected cuts in reimbursements in Medicare Advantage.

Yes thanks for army had taken and I gotta say I'm surprised people are surprised President Obama has been dumping on Medicare Advantage ever since he's been president.

When he talks about waste fraud abuse and in Medicare somehow he's talking about Medicare Advantage is I don't think it is I think it's a good program like Peter were saying.

But the administration -- in for Medicare Advantage and so it should not be surprised that you have these bigger than expected cuts right here today on the on Medicare Advantage reimbursements.

Just kind of look at -- big picture is this an -- -- -- thing by the government even by the White House to kind of like.

Chip away at even more the private option within Medicare I know that that's doesn't take a whole lot of sense of in favor of the full -- government option.

I think I think you're absolutely right day in the more there are other choices within Medicare the more people see is there these market based options in the whole part.

As part of the Medicare modernization act did in 20032004.

To President Bush.

-- -- Medicare Advantage -- MA was part of that.

Market driven approach and it has been working the overall part.

President Obama and so -- the democratic allies don't like it.

And so that they've been taking these -- and I don't think it's the right way to go about reforming Medicare spending -- But bad do you think though that the Democrats and even the Republicans will ever -- all cutting Medicare spending again the big picture says.

People are not paying in.

To Medicare as much as they're taking out to how would you go about it because again.

Like to doctor payments that where they keep getting kicked down there were -- -- -- the payments to doctors are Medicare expected to be caught what 2627%.

Doesn't have.

So wind will -- big picture cuts ever happened -- a.

But me and I think you described it perfectly right.

That people are taking more out of assistance than they are paying -- and that is unsustainable.

And tinkering with Medicare Advantage rates is not gonna solve the problem.

We need to have some long term real reforms.

That will fix the Medicare program so that that we don't have a 35 trillion dollar unfunded liability.

And Medicare you look to 2032040.

Mean that this is -- real train wreck coming out us and we need to address the problem.

And the Democrats -- wanna do relatively small fixes like improving the the eligibility from 65 to 67 that would save -- 125 billion dollars over ten years and the -- -- Democrats rejected that the last round of negotiations.

-- -- -- -- Chip and line and not getting anywhere Chevy thank you so much it was great to see -- -- -- senior fellow at the Hudson Institute be well another day.

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CBO: Medicare Spending to Rise Rapidly Over Next Decade

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