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FAQs on Medicare Financing and Trust Fund Solvency
(By Juliette Cubanski and Tricia Neuman for Kaiser Family Foundation published June 17, 2022)
Medicare, the federal health insurance program for 65 million people ages 65 and over and younger people with long-term disabilities, helps to pay for hospital and physician visits, prescription drugs, and other acute and post-acute care services. In 2021, Medicare benefit payments totaled $689 billion, net of premiums and other offsetting receipts. Accounting for 20% of national health care spending and 12% of the federal budget in 2020, Medicare spending often plays a major role in federal health policy and budget discussions. Continue reading here…
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