Modern Healthcare April 22, 2019
Total Medicare costs are expected to grow from 3.7% of gross domestic product in 2018 to 5.9% in 2038, according to a new report from the Social Security and Medicare Boards of Trustees released Monday.
The report also projected that Medicare’s hospital insurance trust fund that covers Part A will run out by 2026, which the trustees predicted last year.
Since 2008, national health expenditure growth has been below historical averages, the report said. Medicare costs will increase gradually after 2038 to about 6.5% of GDP.
Reserves in the trust fund that covers Medicare Part A decreased by $2 billion to a total of $200 billion at the end of last year, according to...
Today's Sponsors
Today's Sponsor
Topics: CMS, Govt Agencies, Insurance, Market Research, Medicare, Patient / Consumer, Provider, Trends