On April 22, 2019, the Medicare Board of Trustees released their annual report on the status of two separate trust funds, the Hospital Insurance (HI) Trust Fund and the Supplementary Insurance (SMI) Trust Fund. The Boards of Trustee report annually on the financial operations and actuarial status of the program in a combined report that [...] Read More
The Treasury Department and the Department of Health and Human Services (HHS) released the 2017 Medicare Trustees Report late this afternoon. The Trustees are projecting that total Medicare costs will grow from approximately 3.6 percent of GDP in 2016 to 5.6 percent of GDP by 2041. In addition, the report projects that the 2018 Part […]
Read MoreThe Treasury Department and HHS released the 2016 Medicare Trustees report earlier today, and to the relief of many, the Independent Payment Advisory Board (IPAB) was not triggered. As a refresher, IPAB was created by the Affordable Care Act to make recommendations to keep Medicare spending growth below specified targets. Under current law, IPAB’s responsibilities […]
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