Trustees’ Report Shows That Medicare Remains on Solid Footing
The Trustees find that the Medicare Hospital Insurance (Part A) Trust Fund is solvent through 2029—a year longer than previously predicted—and that in 2016 the Trust Fund had a $5.4 billion surplus, with surpluses anticipated through 2022. Further, the Supplemental Medical Insurance (Part B and Part D) Trust Fund remains on firm financial footing, and last year’s warning that 2017 growth would trigger the creation of an Independent Payment Advisory Board (IPAB) did not come to fruition.