A key trust fund underpinning Medicare’s hospital benefit will go broke three years earlier than previously expected absent congressional action, threatening benefits for seniors, according to the Medicare trustees’ annual report. The Medicare Hospital Insurance trust fund will be depleted in 2033, instead of 2036, as Medicare spending continues to outpace the program’s income, the trustees — a group comprised of the HHS, Treasury and Labor secretaries, along with the Social Security commissioner — warned. The bleaker outlook is due to higher-than-expected spending for hospital care, hospice services and physician-administered drugs.
Read the full article: Medicare Go-Broke Date Pushed up Three Years in Latest Trustees Report //
Source: https://www.healthcaredive.com/news/medicare-go-broke-date-pushed-up-three-years-latest-trustees-report/751157/