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OFFICE OF THE ACTUARY The Financial Status of Medicare Presentation for the American Enterprise Institute April 24, 2012 Richard S. Foster, FSA Chief Actuary.

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Presentation on theme: "OFFICE OF THE ACTUARY The Financial Status of Medicare Presentation for the American Enterprise Institute April 24, 2012 Richard S. Foster, FSA Chief Actuary."— Presentation transcript:

1 OFFICE OF THE ACTUARY The Financial Status of Medicare Presentation for the American Enterprise Institute April 24, 2012 Richard S. Foster, FSA Chief Actuary

2 Chart 1—Medicare enrollment, benefits, and financing

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17 Chart 9—Medicare Expenditures as a Percentage of GDP under Current Law and Illustrative Alternative Projections

18 Chart 9—Medicare Expenditures as a Percentage of GDP under Current Law and Illustrative Alternative Projections Illustrative alternative to current law assumes: Physician payment “SGR” formula is overridden in all years NB: This is an illustration, not a recommendation

19 Chart 9—Medicare Expenditures as a Percentage of GDP under Current Law and Illustrative Alternative Projections Illustrative alternative to current law assumes: Physician payment “SGR” formula is overridden in all years Productivity adjustments to other provider updates are phased down over 2020-2034 IPAB requirements are not implemented NB: This is an illustration, not a recommendation

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