Hill March 31, 2023
Medicare continues to be strained, but this year’s annual government report shows it could remain solvent for three more years than previously expected.
The report from the Social Security and Medicare Boards of Trustees underscores the fragility of the nation’s safety net programs, adding to the pressure on lawmakers to find a bipartisan plan for long-term stability.
“The 2023 Trustees Reports indicate a need for substantial changes to address Social Security’s and Medicare’s financial challenges,” the boards wrote.
“The Trustees recommend that lawmakers address the projected trust fund shortfalls in a timely way in order to phase in necessary changes gradually and give workers and beneficiaries time to adjust their expectations and behavior.”
Once the reserves from Medicare’s Hospital Trust...
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