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US Health and Human Services (HHS) Medicare Trust Fund Report (2011)

US Health and Human Services (HHS) Medicare Trust Fund Report (2011)

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Published by wmartin46
The Medicare program has two components. Hospital Insurance (HI), or Medicare Part A, helps pay for hospital, home health, skilled nursing facility, and hospice care for the aged and disabled. Supplementary Medical Insurance (SMI) consists of Medicare Part B and Part D. Part B helps pay for physician, outpatient hospital, home health, and other services for the aged and disabled who have voluntarily enrolled. Part D provides subsidized access to drug insurance coverage on a voluntary basis for all beneficiaries and premium and cost-sharing subsidies for low-income enrollees. Medicare also has a Part C, which serves as an alternative to traditional Part A and Part B coverage. Under this option, beneficiaries can choose to enroll in and receive care from private “Medicare Advantage” and certain other health insurance plans that contract with Medicare. The costs for such beneficiaries are generally paid on a prospective, capitated basis from the HI and SMI Part B trust fund accounts.
The Medicare program has two components. Hospital Insurance (HI), or Medicare Part A, helps pay for hospital, home health, skilled nursing facility, and hospice care for the aged and disabled. Supplementary Medical Insurance (SMI) consists of Medicare Part B and Part D. Part B helps pay for physician, outpatient hospital, home health, and other services for the aged and disabled who have voluntarily enrolled. Part D provides subsidized access to drug insurance coverage on a voluntary basis for all beneficiaries and premium and cost-sharing subsidies for low-income enrollees. Medicare also has a Part C, which serves as an alternative to traditional Part A and Part B coverage. Under this option, beneficiaries can choose to enroll in and receive care from private “Medicare Advantage” and certain other health insurance plans that contract with Medicare. The costs for such beneficiaries are generally paid on a prospective, capitated basis from the HI and SMI Part B trust fund accounts.

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Categories:Types, Research, History
Published by: wmartin46 on Jul 26, 2011
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07/26/2011

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2011 ANNUAL REPORT OFTHE BOARDS OF TRUSTEES OF THEFEDERAL HOSPITAL INSURANCE ANDFEDERAL SUPPLEMENTARY MEDICAL INSURANCETRUST FUNDSCOMMUNICATIONFromTHE BOARDS OF TRUSTEES,FEDERAL HOSPITAL INSURANCE ANDFEDERAL SUPPLEMENTARY MEDICAL INSURANCETRUST FUNDSTransmittingTHE 2011 ANNUAL REPORT OFTHE BOARDS OF TRUSTEES OF THEFEDERAL HOSPITAL INSURANCE ANDFEDERAL SUPPLEMENTARY MEDICAL INSURANCETRUST FUNDS
 
LETTER OF TRANSMITTAL
 __________ BOARDS OF TRUSTEES OF THEFEDERAL HOSPITAL INSURANCE ANDFEDERAL SUPPLEMENTARY MEDICAL INSURANCE TRUST FUNDS,Washington, D.C., May 13, 2011
 
HONORABLE John A. BoehnerSpeaker of the House of RepresentativesWashington, D.C.HONORABLE Joseph R. BidenPresident of the SenateWashington, D.C.GENTLEMEN:We have the honor of transmitting to you the 2011 Annual Report of the Boards of Trustees of theFederal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance TrustFund, the 46th such report.Respectfully,/S/Timothy F. Geithner,
Secretary of the Treasury, and Managing Trustee of the Trust Funds.
 /S/Hilda L. Solis,
Secretary of Labor,and Trustee.
/S/Kathleen Sebelius,
Secretary of Health and Human Services,and Trustee
./S/Michael J. Astrue,
Commissionerof Social Security, and Trustee.
 /S/Charles P. Blahous III,
 PublicTrustee
./S/Robert D. Reischauer,
 PublicTrustee.
 /S/Donald M. Berwick, M.D.,
 Administrator of theCenters for Medicare & Medicaid Services, andSecretary, Boards of Trustees.
 

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