Medicare hospital trust going broke – silence from our Twittering politicians

The estimated depletion date for the HI trust fund is 2026, the same as in last year’s report. As in past years, the Trustees have determined that the fund is not adequately financed over the next 10 years. HI income is projected to be lower than last year’s estimates due to lower payroll taxes. HI expenditures are projected to be lower than last year’s estimates because of lower projected provider payment updates and certain methodological improvements, including changes to the time- to-death factors used in the projection model.

2021 Medicare Trustee Report

It’s not a new story … and that’s the point. Fixing trusts to a point of sustainability for Medicare (and Social Security) is largely being ignored in favor of new unaffordable programs, student loan forgiveness, inflation creating stimulus, etc.

4 comments

  1. This is the main reason no one wants M4A. When government gets involved the best intentions get destroyed or bloated.

    Make a positive difference in someone’s life today. Bill Mitchell
    ________________________________

    Liked by 1 person

    1. No doubt government can be very inefficient, but in this case it will be fixed and sooner than later so will be SS. Besides there is no viable alternative assuring every American has coverage on an affordable basis – meaning the design of the coverage. And as you know, Medicare actually does work even given its many issues.

      Liked by 1 person

  2. Although this is old news to me, it makes you wonder how the government would fund M4A when they can’t properly fund Medicare that has been in place for decades.

    Liked by 1 person

    1. The twittering pols don’t want to do the heavy lifting of raising the HI tax a small amount and keep the program solvent. It is much more fun to promote student loan forgiveness and free twinkies in every lunch sack.

      Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s