New Report Predicts That the Medicare Trust Fund Will Remain Solvent Through 2028
Posted on Friday, June 24, 2016 1:56 PM
On June 22, the Medicare Trustees released their annual report for 2016, which predicted that the Medicare trust fund will stay financially sound through 2028.
“Per-Medicare beneficiary cost growth continues to be exceptionally low,” said Andy Slavitt, acting administrator of the Centers for Medicare & Medicaid Services (CMS). “For more than five decades, Medicare has provided financial security and accessible health care to millions. With growing numbers of Americans relying on Medicare, it’s our job to continue the hard work to strengthen Medicare and the health care system as a whole.”
The annual report revealed the following:
• Over the last five years, per-enrollee Medicare spending growth averaged 1.4 percent
• Over the next decade, per-enrollee Medicare spending growth is expected to be lower than the growth in overall per capita national health expenditures (4.9 percent)
• Total Medicare spending is projected to grow at a faster annual rate of 6.9 percent average over the next decade
The 2016 Medicare Trustees Report is available here.
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