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Medicare: A Brighter Spot on a Dismal Financial Landscape, But Don’t Relax
The Medicare Trustees, in their 2022 report to Congress and the American people, note that the full depletion date for the key Medicare trust fund has been moved backward by two years, from 2026 to 2028. That means that the “… trust fund that covers many hospital bills for seniors and those with disabilities will be unable to pay full benefits starting in 2028.” While moving backward is certainly preferable to moving forward in this solvency projection, the Trustees continue to sound the alarm about the future of this massive program, stressing that Medicare has a “need for substantial changes” to address the program’s fiscal challenges. A post by The Washington Post’s national health-care reporter Rachel Roubein provides a careful analysis of the situation for both Medicare and Social Security. Check it out here…