Cuts To Medicare Due To The New Tax Plan - Yes or No?


Blog Post Date: 12-21-2017

Will the new tax plan eventually create cuts to Medicare? Well that all depends on what articles you read, who you speak to, and what you believe afterwards. I guess only time will tell for sure.

In the meantime, below are web links to a few articles. Decide for yourself after reading them.


Click on links below to read the articles and decide for yourself:


Excerpts below from CNN Money article "Why AARP doesn't like the tax bill" by Katie Lobosco:

As for Medicare and Medicaid, only time will tell. The tax bill doesn't touch them directly, but the cuts are expected to add $1.46 trillion to the deficit over the next decade.1

That increase could trigger automatic spending cuts to entitlement programs, unless lawmakers vote to stop them. Medicare itself could see a $25 billion cut.1

Even if Congress stops these automatic cuts, the AARP letter indicates there's still reason to worry about funding in the future.1

"The large increase in the deficit will inevitably lead to calls for greater spending cuts, which are likely to include dramatic cuts to Medicare, Medicaid, and other important programs serving older Americans," it said.1 


1. Source: CNN Money Article: "Why AARP doesn't like the tax bill" by Katie Lobosco
http://money.cnn.com/2017/12/21/retirement/aarp-tax-bill-seniors/index.html


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