June 3, 2022
  • The Social Security and Medicare Trustees released an annual report predicting that Medicare’s Part A Hospital Insurance (HI) trust fund will fall of money in 2028, two years later than the estimate in last year’s report. According to the trustees, if nothing changes, in 2028 incoming revenue would still cover 90 percent of Medicare costs. The trustees also said that the Social Security Trust Fund will be able to pay full benefits until 2035, gaining an additional year beyond what was projected last year. If the Social Security Trust Fund is depleted in 2035, then the government would pay 80 percent of scheduled benefits. (Report here; Articles here and here)