“One of Medicare’s two trust funds is on course to run short on funds in just seven years, according to an annual report released Monday by the Medicare Board of Trustees.”
“The hospital insurance trust fund is projected to have enough money to pay full benefits until 2026, the report says, affirming last year’s projection. That news, coupled with the fact that Medicare costs keep rising, gave Trump administration officials another opportunity to criticize “Medicare-for-All” opportunities as unwise…”
“The administration’s 2020 budget proposal would extend the Medicare hospital insurance trust fund’s life by eight years through value-based payment initiatives and efforts to lower prescription drug prices, Azar said…” Read the full article here.
Source: Medicare Trust Fund to Fall Short After 2026, as Costs Continue to Rise – By Steven Porter, April 22, 2019. HealthLeaders.
