Rep. David B. McKinley, P.E. (R-WV) served as the keynote speaker at an event Wednesday discussing Medicare post-acute care reforms at the National Press Club in Washington, D.C.
McKinley made his remarks at an event hosted by the Alliance for Home Health Quality and Innovation and noted experts predictions that Medicare will become unable to operate properly in the coming future.
"With 10,000 new participants added every day, experts are now predicting the Medicare trust fund will become insolvent by 2024 and healthcare spending, in general, is on track to total $2.7 trillion in 2012," he said.
According to a news release, a comprehensive analysis of Medicare claims released Wednesday by Dobson DaVanzo and Associates, found the Medicare program could save upwards of $100 billion over the next 10 years.