Medicare Trust Fund Is Running Out of Money

According to Medicare’s Board of Trustees, who oversee the fiscal health of the Federal Hospital Insurance (HI) program that provides health care benefits to elderly Americans, the trust fund that pays the cost of hospitalization and hospice care for covered patients through the Medicare Part A welfare program will run out of money in seven years. In their 2019 report, the Trustees project that by 2026, Medicare will only be able to cover 89 percent of the cost of hospitalization for these patients.
The Washington Post indicates that the event will only mark the beginning of Medicare’s fiscal problems:
Medicare’s Hospital Insurance

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