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Medicare spending to shoot up by 2038, trustee report says
Modern Healthcare

Total Medicare costs are expected to grow from 3.7% of gross domestic product in 2018 to 5.9% by 2038, according to a new report from the Social Security and Medicare boards of trustees released Monday.

The report also projected that Medicare’s Federal Hospital Insurance Trust Fund that covers Part A will run out by 2026, which the trustees predicted last year.

Since 2008, national health expenditure growth has been below historical averages, the report said.