Medicare Funding: CMS Slows Spending To Avoid Bankruptcy Plunge
Changes implemented by the Affordable Care Act (ACA) allowed Medicare Part A to stay funded longer.
The Centers for Medicare & Medicaid Services (CMS) may have bought itself some extra time before insolvency hits, a May 31 Medicare Trustees’ Report indicates. Last year’s report predicted Medicare would go broke in 2024, but now the projection pushes the date back two years to 2026 for Medicare Part A.
Part A is set to remain solvent for only another 13 years as its spending is growing faster than taxes coming in. The Part A coffers will be empty by...
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