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Medicare: Insolvency Postponed (CRS Report for Congress)

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Release Date July 29, 2014
Report Number IN10121
Report Type Insight
Source Agency Congressional Research Service
Summary:

On July 28, 2014, the Medicare Board of Trustees released their annual report on the current and projected financial status of the Medicare trust funds. Due to lower than expected Medicare Part A spending in 2013 (the base projection year) and lower expected future utilization of hospital inpatient services, the Trustees have postponed the expected insolvency date of the Medicare Hospital Insurance trust fund to 2030, four years later than projected in last year's report.