'Medicare Insurance Fund Outlook Improves on Stronger Economy'

 

• Retirement fund seen solvent until 2033, like past estimates
• Medicare hospital fund seen solvent for five extra years

Medicare’s hospital insurance trust fund will be able to pay full benefits until 2036, five years later than projected a year ago, according to a report released Monday by the Treasury Department.

The hospital fund’s long-term financial picture improved thanks to higher income, stemming from both a higher number of workers and higher average wages, as well as from lower expenditures compared to last year’s estimates.

https://www.bloomberg.com/news/articles/2024-05-06/medicare-insurance-fund-outlook-improves-on-stronger-economy