New Report Reveals That Medicare Part A Fund May Be Tapped Out By 2028, Triggering Calls for Congress to Address This Problem

Experts say it is time to change Medicare financing, even as large numbers of baby boomers continue to enroll in the program each year Medicare’s fund for payment of inpatient hospital care is expected to be tapped out in 2028. That’s according to a new report from Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds (2022 Medicare Trustees Report). That’s somewhat better than running out of money for inpatient care in 2026, which was what Medicare...

Digital-Era Millennials Using New Tools to Select Doctors, Stay Informed, and Shop for Care, Including Selecting Clinical Pathology Laboratories

Medical laboratories can get ahead of the trend by developing processes for serving younger healthcare consumers in different ways Experts say that Millennials are rewriting the rules of healthcare. Rather than following in baby boomers’ footsteps, this new generation of young adults shops for healthcare in ways that may change the provider-patient relationship for all providers, including pathologists and medical laboratories. Also known as Gen Y, this generation interacts with healthcare...

Generational Differences Now Reshaping Physician Attitudes and Will Likely Affect Private Pathology Group Practices

One consequence of the difference in intergenerational attitudes of physicians is the trend to more employee physicians For the dominant generation working in healthcare today—the Baby Boomers—retirement looms. At the same time, however, the younger generation—particularly Generation X—is acquiring the experience and maturity needed to assume leadership roles. As these individuals move into senior executive and administrative positions, healthcare experts are predicting growing conflict over...

Why Many Baby Boomers May Not Likely Retire When They Hit 65

Expected wave of retirements from clinical laboratories might be deferred for several more years Popular wisdom has been that, as they hit retirement age, baby boomers will leave the workforce in large numbers. Now a news report says that many baby boomers may defer retirement because of poor finances and too much debt. If true, that may be good news for clinical laboratories and pathology groups across the United States. After all, baby boomers make up a considerable proportion of the...

65-Year Old Baby Boomers Ready to Fight for Right to Opt Out of Medicare

Recent federal court case and a columnist in the Weekly Standard illustrate how Boomers are ready to challenge existing Medicare laws they don’t like Will the oldest Baby Boomers, now turning 65 years old this year, accept enrollment in the Medicare program or will they challenge it—as they have challenged many other institutions in American society over their lifetimes? News outlets are already reporting instances of Baby Boomers fighting to keep their existing private health insurance, for...
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