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Medicare’s hospital insurance trust fund is on the verge of insolvency. Last year’s Medicare Trustees report says the trust fund will be exhausted in 2028. A more recent Congressional Budget Office report predicts the fund will run out of money by 2025. With some 10,000 new beneficiaries every day and rising per capita health costs, we are headed for a fiscal crisis.
Will this trigger program cuts under the controversial Independent Payment Advisory Board? Will the administration take actions not proposed in the recent budget to rein in Medicare costs?
In its upcoming annual report, the Medicare Board of Trustees will present its latest assessment of Medicare’s fiscal health. Please join AEI as the chief actuary for Medicare summarizes the report’s results, followed by a discussion of possible policy actions to improve the program’s fiscal condition.
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