Health Alert: Crucial Medicare trust fund will run out three years earlier than expected, report says

The financial future of the part of Medicare that pays older Americans' hospital bills has deteriorated significantly, according to an annual government report which forecasts that the trust fund will be depleted by 2026 — three years sooner than expected a year ago. The report, issued by the Trump administration trustees who oversee Medicare and Social Security, also says that the nation's aging population and escalating health-care costs will drive up spending in the other facets of Medicare that cover outpatient care and prescription drugs. The report's forecast for Social Security is comparatively undramatic. It says that the trust funds that pay benefits to retirees, workers' survivors and people with disabilities can, taken together, be expected to remain solvent until 2034, unchanged from a year ago.

Democracy Dies in Darkness     Health Alert Jun 5, 2:27 PM     Crucial Medicare trust fund will run out three years earlier than expected, report says The financial future of the part of Medicare that pays older Americans' hospital bills has deteriorated significantly, according to an annual government report which forecasts that the trust fund will be depleted by 2026 — three years sooner than expected a year ago. The report, issued by the Trump administration trustees who oversee Medicare and Social Security, also says that the nation's aging population and escalating health-care costs will drive up spending in the other facets of Medicare that cover outpatient care and prescription drugs. The report's forecast for Social Security is comparatively undramatic. It says that the trust funds that pay benefits to retirees, workers' survivors and people with disabilities can, taken together, be expected to remain solvent until 2034, unchanged from a year ago. Read more » Advertisement You received this email because you signed up for news alerts from The Washington Post. Manage my newsletters and alerts | Unsubscribe Privacy Policy | Help ©2018 The Washington Post, 1301 K St NW, Washington DC 20071