HealthExec May 7, 2024
Medicare’s Hospital Insurance (HI) Trust Fund has the wherewithal to pay the full bill for beneficiaries’ stays in hospitals, hospice sites and skilled nursing facilities for the next 12 years.
That’s five years longer than the agency’s trustees projected last year.
However, once the fund’s reserve monies dry up during or soon after 2036, CMS will only be able to cover 89% of those costs.
The news comes from the Department of the Treasury, which released its annually updated figures May 6 in conjunction with HHS, CMS and the Social Security Administration.
Also encouraging is the outlook for the Disability Insurance (DI) Trust Fund. This is now projected to continue ponying up 100% of total scheduled benefits through at...
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