Medicare could run out of money by 2026
The Medicare board of trustees said the program’s hospital insurance trust fund could run out of money by 2026.
A senior government official briefing reporters attributed the worsened outlook for Medicare to several factors that are reducing funding and increasing spending. (Photo: Shutterstock)
financial condition has taken a turn for the worse because of predicted higher hospital spending and lower tax revenues that fund the program, the federal government reported Tuesday.
annual report to Congress, the Medicare board of trustees said the program’s hospital insurance trust fund could run out of money by 2026 — three years earlier than projected last year.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM,
BenefitsPRO magazine and BenefitsPRO.com events. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account?
Sign In Now
A new California law requires health insurers to reduce wait times for mental health care to no more than 10 business days.
It argued the ICER study did not consider the full range of clinical data on the drugs it assesses, and that its analyses lack context.
The medical loss ratio created the ability to make it look like the numbers are in your favor, but they aren’t.
Sponsored by Resolution Reinsurance Intermediaries, LLC
21st Century Care Benefits for When Life Gets Complicated
61% of employers surveyed consider caregiving benefits to be a top priority for their business and employees, yet 22% consider themselves as below average in developing caregiving benefits. Download this info sheet to help your clients remain competitive by offering a care benefit package.
Browse More Resources ›
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.