Savings to the Medicare Trust Fund Can ONLY Occur on Paper

Print
Tuesday, 03 August 2010 05:18

In an article reporting on a study that concluded that the health care reform bill will lead to substantial savings for Medicare, the Washington Post told readers:

"critics say trust fund solvency will only improve on paper, since actual savings from the Medicare cuts would have been spent to provide coverage for more than 30 million uninsured Americans."

This is a real trip to bizzaro world. The Medicare trust fund is an accounting entity. Improvements can by definition only occur on paper, or more accurately in computer entries. It is not clear what the Post thinks it means with this statement.