Wednesday, December 15 | 2:00-3:00 p.m. ET
Employers and business executives, grassroots advocates, policymakers, educators, and other community leaders are invited to join the National Academy of Social Insurance, Verrill, the New England Council, and the Massachusetts Hospital Association for a live virtual discussion on the future of Medicare, including:
- Policy options to address issues of health equity;
- Medicare's role in building pathways to economic security; and
- Implications for employer costs.
At just under $800 billion in 2019, Medicare spending accounted for 21% of total national health care expenditures. Employers and employees all have a stake in making these investments as effective as possible. For example:
- While Medicare Part A (for hospital services) is funded by payroll taxes on employers and employees, Part B (for doctor bills and other outpatient services) is funded in part by beneficiary premiums. The Centers for Medicare & Medicaid Services recently announced a 14.5% increase in the standard premium for 2022.
- Part B premiums typically are deducted from monthly Social Security checks. In 2022, Social Security beneficiaries are scheduled to see a 5.9% cost-of-living adjustment (COLA). However, affordability of health care remains a major issue for seniors of color, who rely more heavily on Social Security in retirement.
Workers of color generally earn less than white workers, are less likely to have pensions or retirement savings, and face barriers accessing health care. How might other potential changes to Medicare affect today’s workers when they retire? How might households of color be impacted disproportionately? What policy options might address these inequities more effectively?
This 60-minute webinar will deepen your understanding of health equity, as well as policy options that may shape the future of the program and potential implications for employer costs.
Founder and President, Public Private Strategies Institute
Deputy Director, Program on Medicare Policy, Kaiser Family Foundation
Associate Professor of Health Care Policy, Department of Health Care Policy, Harvard Medical School; Assistant Professor of Medicine and Internal Medicine Physician, Department of Medicine, Massachusetts General Hospital
Moderator: James Roosevelt, Jr.
Hosted by Verrill with the New England Council and the Massachusetts Hospital Association