News Headlines Article

Medicare hospital trust fund insolvency date remains 2024: trustees
Modern Healthcare

Medicare’s hospital trust fund insolvency date remains 2024, according to Monday’s annual report (PDF) by the program’s trustees, but only because of a 2% reduction in provider payments scheduled to start in January.

The solvency date would have accelerated without the cut, the Social Security and Medicare trustees board reported, because of technical changes in their short-term cost assumptions. The Medicare provider cut is part of the deficit-reduction package to which Congress and President Obama agreed last summer.