Trustees’ Report Projects Medicare Costs To Skyrocket Through 2038

By Chelsea Cirruzzo / April 22, 2019 at 6:30 PM
Total Medicare costs are expected to grow from about 3.7% of gross domestic product to 5.9% of GDP between 2018 and 2038, with the Hospital Insurance Trust Fund only expected to pay fully for Medicare Part A until 2026 -- a projection that is unchanged from last year -- according to the Medicare trustee’s report released Monday (April 22). According to the report, total Medicare costs will continue to increase after 2038, but not as quickly, and are projected to...


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