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Staff Reporters
The effects of the current financial meltdown are well-known to all citizenry. And, the next economic crisis is still wholly unforeseen. However, research conducted by the Institute of Medical Business Advisors Inc, suggests it may come from one, or more, of the following sectors:
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Pension Benefit Guarantee Corporation
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Home/Commercial Real-Estate Mortgages
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Medicare and Medicaid
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Hedge Fund Collapse
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Social Security Administration
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Autos, Airlines, Manufacturing, etc
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Global Financial Catastrophe
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Terrorist Attack
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Something else?
Assessment
For more info: www.MedicalBusinessAdvisors.com
Conclusion
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Filed under: Health Economics, Insurance Matters, Investing, Op-Editorials, Research & Development, Risk Management, Surveys and Voting | Tagged: economic collapse, financial meltdown, hedge funds, Medicaid, medicare, PBGC |
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According to the Associated Press, December 1, 2008, Federal health officials estimate that the struggling economy will speed up by one to three years the exhaustion of the Medicare trust fund covering hospital and nursing home care.
Trustees for the Social Security and Medicare programs warned last March that the trust fund for Medicare Part A would become insolvent in 2019, but the chief actuary for Medicare said Monday the economy will likely generate less revenue through payroll taxes than the trustees had projected. Once the trust fund is exhausted, the federal government will continue to pay for hospital care and other services, but it initially would only have enough money coming in to cover 78 percent of estimated costs.
-Kathy
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