That is right; he only spends one-third of the surplus, the rest is for paying down the debt further and for perhaps some tax relief and some other good things.
WALLY HERGER: “That is right; he only spends one-third of the surplus, the rest is for paying down the debt further and for perhaps…”
Editor's note · Context
Discussing the allocation of the federal surplus.
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More from WALLY HERGER
Congress established the competitive bidding program in light of evidence that the Medicare fee schedule payments far exceeded retail rates, leaving the DMEPOS benefit prone to waste, fraud, and abuse.
Unfortunately, the program faces significant financial challenges and is slated to go bankrupt in 2024.
While I believe that market approaches hold great promise for improving the situation, my intent is to use the information we learn from this hearing as a starting point for further assessment of the consolidation issue.
The Medicare program is in dire need of reform and improvement so that it meets the health care needs of its beneficiaries in the 21st century.





