Medicare’s trustees released their annual report this week. It paints a bleak picture of the program’s future.
Total spending on the healthcare entitlement for seniors exceeded $1 trillion last year, the trustees note — some $12 billion more than the program took in. If current trends continue, Medicare’s Part A hospital insurance trust fund will run out of money in 2036.
Remarkably, these projections represent a considerable improvement over last year’s report, which put the date of trust-fund depletion at 2031. And yet, even this progress doesn’t change the fact that Medicare is on a short road to fiscal catastrophe.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.
Focus Medicare’s Dwindling Resources to Those Most in Need
Sally C. Pipes
Medicare’s trustees released their annual report this week. It paints a bleak picture of the program’s future.
Total spending on the healthcare entitlement for seniors exceeded $1 trillion last year, the trustees note — some $12 billion more than the program took in. If current trends continue, Medicare’s Part A hospital insurance trust fund will run out of money in 2036.
Remarkably, these projections represent a considerable improvement over last year’s report, which put the date of trust-fund depletion at 2031. And yet, even this progress doesn’t change the fact that Medicare is on a short road to fiscal catastrophe.
Click to read the full article in Newsmax.
Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.