Medicare’s latest reformations have been set into motion with an entirely new supplemental plan now available to those who are eligible for coverage. Plan G seems to be a fairly straightforward matter in comparison to some of the program’s past changes, but you can click here for more in-depth details. While the most recent revamp to affect the system offers a broader range of coverage, some extreme critics say they may be irrelevant.
Medicare’s Current Issues
Plenty of thought has been put into Medicare’s development and evolution over the last 50 years, and more improvements are already in the works for the future. Having said that, the program does have more than its fair share of challenges. Though some come from internal conflicts, most actually originate in the medical industry as a whole.
- A Growing Population: Medicare already has more enrollees on the books than ever before. As the nation’s population continues to surge and reach the age of eligibility, the figures are only going to continue on an upward trend. Unless the program begins dropping the ball on the very people it was designed to help, many say its resources could be exhausted within the next few years.
- Rising Healthcare Costs: Medical science continues to advance at an unprecedented pace; unfortunately, benefiting from those new developments is costing patients increasingly more. For those over the age of 65, suffering from chronic conditions or living with disabilities, the mounting expenses are passed along to Medicare. In an institution already in financial jeopardy, this could only make matters worse.
- Surging Prescription Prices: Very early on in Medicare’s time line, its developers realized readily available medical care was an exercise in futility without accompanying prescription medication coverage. This was added to the program’s growing list of benefits to help bolster the health of the nation. At this point, prices of common prescriptions have skyrocketed anywhere from 15 to 300 percent in some cases. Again, the rising cost is working against the program.
As all these problems and more build a brick wall for Medicare to face in the future, Americans could ultimately suffer the consequences. Those working nonstop to ensure Medicare continues to meet the needs of its enrollees may be fighting a losing battle if the healthcare system isn’t putting forth equal amounts of effort to slow its swelling expenses. All hope isn’t lost, but something does need to give at some point.