Medicare’s funding well to dry up in 2030
The fund Medicare uses to pay hospitals will run out in the next 15 years, and experts say there are no easy answers to solve it.
The independent Board of Trustees for Medicare found the trust fund used for Medicare payments to hospitals would become insolvent in 2030 unless something is done. The board issued its annual report to Congress on the entitlement program’s finances on Wednesday.
As in prior years, the trustees found that the fund isn’t properly financed over the next decade. Last year’s report also pegged 2030 as the date the fund will become insolvent.
However, the fund could run dry as early as 2022 if spending is higher than estimated, the report said.
Read the full article: Washington Examiner