Did you know that Medicare is projected to be broke by 2026? Let’s see why this is happening. Recently, a patient went to an area medical facility for a one-half hour recall appointment. For this short visit, Medicare was billed a total of $1,570.
Medicare approved almost $290 for this one-half hour appointment and actually paid $195 with the difference being paid by the patient’s Medigap insurance company. This is the reason why Medicare is going broke and why health care insurance rates are increasing so much.
David L. Faust,