Cost Of The Medicare Physicians Payment Fix (SRG):
Four Trillion Dollars, According to NCPA Research
November 12, 2009
DALLAS, TX - The cost of the Medicare physician payment fix will be more than $4 trillion, according to National Center for Policy Analysis President John C. Goodman.
The widely reported amount is $2.10 trillion but that covers only the next ten years. Accounting for this additional liability the way other Medicare liabilities are accounted for, the cost is $1.9 trillion for the next 75-years and 4.1 trillion looking indefinitely into the future, according to research the the NCPA: http://www.john-goodman-blog.com/cost-of-the-medicare-physician-payment-fix-srg-four-trillion-dollars
The research was conducted by former Social Security and Medicare Trustee Thomas R. Saving, an NCPA Senior Fellow and Director of the Private Enterprise Research Center at Texas A&M University.
As the nation's leading free-market health economist, Dr. Goodman is available to discuss the Medicare liability findings and other health reform policy issues.
Editors Note: Contact Catherine Daniell to schedule an interview with Thomas Saving or John Goodman.