Director, Grover M. Hermann Center for the Federal Budget The sun rises through a bank of clouds behind the Statue of Liberty in New York City on March 7, 2021 as seen from Jersey City, New Jersey. Gary Hershorn / Getty Images
Key Takeaways
While tax revenues are projected to rise above their historical average as a share of the economy, the growth of spending will outpace that growth in revenue.
Over the long term, government spending simply cannot continue growing faster than the economy.
Some recommendations found in the blueprint include reforming benefit programs, preventing out-of-control spending, and maintaining a pro-growth economic policy.
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Making the pandemic s emergency suspension of Medicare s telehealth rules permanent got overwhelming support at a virtual hearing of the House Committee on Energy and Commerce s health subcommittee on Tuesday.
Members touted their bipartisan appreciation for what the technology has done and can yet do for healthcare. It s time to make Medicare reimbursement for telehealth permanent, said subcommittee chairwoman Anna G. Eshoo (D-Calif.) in opening the hearing. Telehealth isn t the silver bullet for the deeper problems that exist in our healthcare system, but it s demonstrated great promise for high quality, innovative care if we intentionally create legislation that fits our nation s needs.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/column-what-you-need/"></div>CHICAGO (Reuters) – The most urgent retirement issue facing the new Biden administration and Congress is not Social Security reform or figuring out how to boost savings in 401(k)s and IRA accounts. Instead, it is a ticking clock in the Medicare program. Our health insurance program for seniors has a solvency problem – not ten […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/column-what-you-need/"></div><! AddThis Share B
What you need to know about Medicare s solvency problem, and how to fix it financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
The Congressional Budget Office released the newest version of its “Budget and Economic Outlook” on Thursday, and the fiscal outlook over the next decade is grim.
Spending, taxes, deficits, and the debt are all projected to increase to record levels.