Medicare exhausted in 2026, trustees say
By: Brett Norman, Politico.com
May 31, 2013 11:10 AM EDT
Medicare’s trust fund will start running out of money in 2026, two years later than the program’s trustees estimated last year as the trend toward slower spending continues.
And here’s a fact that puts an exclamation point on that trend: This year, for the first time ever, the government expects to spend less money per Medicare beneficiary than it did the year before, in part because of the sequester.
The trustees in the annual report noted that the long-term challenges to the program remain as the massive baby boomer population heads into retirement. They called on Congress to address Medicare’s troubled finances “as soon as possible.”
But the looming crisis is less imminent.
Medicare and other entitlement spending will remain hot buttons in the coming fight over the budget and the debt ceiling, but the spending slowdown will help keep the lid on one political flash point at least: the hugely controversial Independent Payment Advisory Board.
(More here.)
May 31, 2013 11:10 AM EDT
Medicare’s trust fund will start running out of money in 2026, two years later than the program’s trustees estimated last year as the trend toward slower spending continues.
And here’s a fact that puts an exclamation point on that trend: This year, for the first time ever, the government expects to spend less money per Medicare beneficiary than it did the year before, in part because of the sequester.
The trustees in the annual report noted that the long-term challenges to the program remain as the massive baby boomer population heads into retirement. They called on Congress to address Medicare’s troubled finances “as soon as possible.”
But the looming crisis is less imminent.
Medicare and other entitlement spending will remain hot buttons in the coming fight over the budget and the debt ceiling, but the spending slowdown will help keep the lid on one political flash point at least: the hugely controversial Independent Payment Advisory Board.
(More here.)
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