Will Donald Trump Fix Medicare’s Biggest Issue in 2025?

livewell
January 2, 2025
Noah Bennett

Introduction

Medicare is a vital program, especially for older citizens as well as those with disabilities. This insurance program is not impervious to issues it is common with access problems, owing to the high costs. Given that there is a possibility that Donald Trump is going to call many shots in 2025.

Many people are left to wonder whether or not he is going to solve the fundamental problems with Medicare. Let’s explore the key issues in terms of medicare benefits and what Trump’s approach might entail.

Medicare’s Biggest Issues

Cost Issues for Payers

Medicare cost reduction and any out-of-pocket costs in premium plans for beneficiaries seem to be only increasing. Older Americans with fixed pensions are increasingly becoming strained with programs like Part B and Part D.

Medicare Financial Crisis

The Part A insurance that covers hospital visits is only funded by the Medicare trust fund, bankrupting in 2031 or around that date. If part A is not fully paid, it can disable the coverage and offer of services to countless people.

Access to Care

The world greets an older population with every passing day, and along with this, the need for healthcare services. Quite a few rural and underdeveloped regions are still unable to find a sufficient amount of doctors or even social security benefits while some still accept Medicaid which limits the accessibility for patients.

Complexity

For beneficiaries, it is not easy to make sense of the different parts of Medicare like A, B, C, and D especially when policies and costs are not constant as they keep changing over time.

What Changes Does Trump Intend For Medicare?

Though Trump might have a point or two in terms of making the Medicare reform program effective, for the scheme to function. As per various sources, Donald Trump will have an active collaboration with Congress and other stakeholders. Let’s have a further look at how he intends to go about some of them:

Controlling Costs

Trump may seek to extend subordination of drug prices and enhance price transparency in the field of healthcare. This may in turn help bring down expenditures incurred on the part of the beneficiaries.

Strengthening the Trust Funds

In order to make the medicare scheme viable, Donald Trump might bring adjustments in the payroll taxes or introduce new financial proposals. Nevertheless, such policy shifts will in most cases garner opposition from some politicians as well as the society. It’s about power and time to find out.

Providing More Services Coverage

An increase in the telehealth services provision, which started during the COVID-19 epidemic, can enable beneficiaries from far-flung areas to access the services. Previously Trump Medicare plan administration favored telehealth and this is likely to be one of the targets in 2025.

Simplifying the Program

Identifying the key beneficiaries of the program and reorganizing the beneficiaries’ communication process with the overall structure of Medicare benefits could assist people to better understand how to use their entitlement to the benefits.

Wrap Up

Speculating on Donald Trump’s ability to resolve Medicare’s issues is difficult. While his past efforts to contain costs and improve service access provide some hope. Despite all this, fixing Medicare will require time and bipartisan collaboration. Medicare Part A funding is crucial for many, so addressing its challenges is essential for its future sustainability. As debates continue, there are expectations for leaders like Trump to lead the charge for necessary medicare changes.