Commonwealth Fund October 13, 2020
Toplines
The Medicare Hospital Insurance Trust Fund is projected to become insolvent by 2024, further stressing hospitals, nursing homes, and hospices that support Medicare beneficiaries
Urgent action is needed to preserve the Medicare Trust Fund to ensure this critical safeguard remains in place
The COVID-19 pandemic has increased pressures on an already-stressed public health care financing system. This is especially evident when it comes to the financial health of Medicare’s Hospital Insurance (HI) Trust Fund, which finances health care services related to hospital, skilled nursing facility, and hospice stays for Medicare beneficiaries. In April, using pre-COVID-19 data, the Trustees of Social Security and Medicare projected that the HI Trust Fund would become insolvent in 2026 — meaning that Medicare Part...