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Medicare trust fund insolvency deferred until 2031: Report

Posted On: Apr. 4, 2023 10:03 AM CST

The go-broke date for a pivotal trust fund that props up Medicare has been pushed back three years, giving additional wiggle room for Washington to address looming insolvency for a program that currently covers 65 million senior and disabled Americans, reports Healthcare Dive. Medicare’s hospital trust fund is now expected to go broke in 2031, according to the Medicare Board of Trustees’ annual report to Congress. Last year’s report predicted the government would have to stop paying out full benefits in 2028.