Medicare’s Financial Outlook and the Effects of Growing Enrollment in Medicare Advantage
May 23, 2024 | 2 to 3:30 p.m. EDT | USQS CE Available
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ABOUT THIS WEBINAR
The Medicare program faces both short- and long-term financing challenges: Medicare’s Hospital Insurance expenditures are expected to exceed revenues beginning in 2030; the HI Trust Fund is projected to be depleted in 2036; and Medicare spending on the whole is increasing as a share of the economy. Medicare Advantage plans, intended to provide higher-quality and lower-cost health care, now enroll about half of all Medicare beneficiaries.
In this webinar, the chief actuary for the Centers for Medicare & Medicaid Services (CMS) provided an overview of the Medicare Trustees Report findings and highlighted the challenges to the program’s solvency and sustainability. Next, a representative from Medicare Payment Advisory Commission (MedPAC) discussed their work examining the impact of Medicare Advantage on the program's financial status, including their recent analyses of the effects of coding intensity and selection.
Learn more:
- 2024 Annual Report of the Boards of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds
- The Academy's Medicare Committee released an issue brief, Medicare’s Financial Condition: Beyond Actuarial Balance, that examines the findings of the 2024 Medicare Trustees Report with respect to program solvency and sustainability.
- March 2024 Report to the Congress: Medicare Payment Policy, MedPAC
SPEAKERS
- Paul Spitalnic, MAAA, ASA
Chief Actuary, Office of the Actuary, Centers for Medicare & Medicaid Services (CMS) -
Michael E. Chernew, Ph.D.
Chair, Medicare Payment Advisory Commission (MedPAC)
MODERATOR
- Cori Uccello, MAAA, FSA, FCA, MPP
Senior Health Fellow, American Academy of Actuaries
CONTINUING EDUCATION
The American Academy of Actuaries believes in good faith that attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.8 continuing education (CE) credits for attending this live webinar.
QUESTIONS
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