Trustees: Medicare Trust Fund Could Remain Solvent for 2 Additional Years
May 31—The Medicare trustees have projected that the trust fund that finances Medicare’s hospital insurance coverage—the Hospital Insurance Trust Fund—will remain solvent until 2026, two years beyond what was projected in last year’s trustees report.
In a report released today, the trustees cite a number of factors contributing to the improved outlook, including lower-than-expected Medicare Part A spending in 2012 and lower projected costs for the Medicare Advantage program, due in part to certain provisions in the Affordable Care Act.
Medicare spending per beneficiary has grown slowly over the past few years and is projected to continue its slow rate of growth over the next several years, according to the Centers for Medicare & Medicaid Services. From 2010 to 2012, Medicare spending per beneficiary grew at 1.7 percent annually.
Publication Date: Friday, May 31, 2013