Medicare’s fiscal outlook deteriorates as 2026 funding cliff looms

Heads Up! – in a follow up to my posting on April 22, 2019 – How Old Will You Be When Social Security’s Funds Run Out? – moving on to Medicare – the news is likewise bleak via WaPo: “Medicare’s Hospital Insurance Trust Fund is set to run out of money by 2026, as lower tax revenue and higher payments to medical providers have helped weaken the long-term fiscal outlook of the health care program for America’s senior citizens, the Trump administration said on Monday. Medicare’s costs overall are expected to continue rising sharply over the next several decades, from about 3.7 percent of the total U.S. economy to 5.9 percent, putting a strain on the federal budget that lawmakers must act to avoid, according to a report produced by the Social Security and Medicare Board of Trustees…” 2019 Medicare Trustees Report 2019 Expanded and Supplementary Tables and Figures

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