KFF Health News June 22, 2018
Juliette Cubanski and Tricia Neuman
- Medicare spending was 15 percent of total federal spending in 2017, and is projected to rise to 18 percent by 2028.
- Based on the latest projections in the 2018 Medicare Trustees report, the Medicare Hospital Insurance (Part A) trust fund is projected to be depleted in 2026, three years earlier than the 2017 projection.
- In 2017, Medicare benefit payments totaled $702 billion, up from $425 billion in 2007.
- As a share of total Medicare benefit spending, payments to Medicare Advantage plans for Part A and Part B benefits nearly doubled between 2007 and 2017, from 18 percent ($78 billion) to 30 percent ($210 billion), as enrollment in Medicare Advantage...
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