Florida Health Insurance Web On Medicare
Morgan Q. Moran
March 23, 2011
Should America be so focused on Universal Health Care? What are we going to do when 70 million baby boomers take Medicare and the fund goes bankrupt? Supplementary Medical Insurance Trust Fund "expenditures are growing more quickly than the rest of the economy - that is troubling news," Florida Health Insurance web reports on health insurance reform in America.
No other topic is more important to Florida, than health insurance. Florida continues to lead the way in terms of sheer numbers of newly arriving retirees, each of these new Floridians hope their savings, and health insurance policies will be enough to get them through their golden years. Then, the latest news from Medicare arrived and is bad news for Florida. "Currently Medicare expenditures eat up 3.2% of the GDP a total of ($432 Billion),"
A person who is 54 years old today cannot be assured that Medicare hospital insurance benefits will be there when he or she turns 65 and first becomes eligible for Medicare.
The health insurance consultant continued, "The latest figures show Medicare's Hospital Insurance (HI) Trust Fund will be insolvent by 2019." This year the Hospital Insurance Trust Fund will pay out more than its earns, and over the next 10 years (equal to $342 billion). "Funds will more than likely need to be transferred from the Federal treasury to cover beneficiaries' hospital insurance expenses,"
A Medicaid Services Administrator, Kerry Weems states, "A person who is 54 years old today cannot be assured that Medicare hospital insurance benefits will be there when he or she turns 65 and first becomes eligible for Medicare."
Moran said, "That's why we are already beginning to implement steps to make group group health insurance services under Medicare as effective and efficient as possible for beneficiaries."
No other topic is more important to Florida, than health insurance. Florida continues to lead the way in terms of sheer numbers of newly arriving retirees, each of these new Floridians hope their savings, and health insurance policies will be enough to get them through their golden years. Then, the latest news from Medicare arrived and is bad news for Florida. "Currently Medicare expenditures eat up 3.2% of the GDP a total of ($432 Billion),"
A person who is 54 years old today cannot be assured that Medicare hospital insurance benefits will be there when he or she turns 65 and first becomes eligible for Medicare.
The health insurance consultant continued, "The latest figures show Medicare's Hospital Insurance (HI) Trust Fund will be insolvent by 2019." This year the Hospital Insurance Trust Fund will pay out more than its earns, and over the next 10 years (equal to $342 billion). "Funds will more than likely need to be transferred from the Federal treasury to cover beneficiaries' hospital insurance expenses,"
A Medicaid Services Administrator, Kerry Weems states, "A person who is 54 years old today cannot be assured that Medicare hospital insurance benefits will be there when he or she turns 65 and first becomes eligible for Medicare."
Moran said, "That's why we are already beginning to implement steps to make group group health insurance services under Medicare as effective and efficient as possible for beneficiaries."
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