CBO says Medicare’s most important belief fund to final till 2052
Medicare’s monetary future unexpectedly bought loads rosier, a minimum of in response to some federal finances wonks.
The Congressional Price range Workplace lately printed its long-term predictions of the federal finances and buried an enormous shock for individuals who observe the Medicare program. The federal government’s major piggy financial institution that pays for Medicare advantages gained’t be depleted till 2052 — 17 years later than what CBO analysts predicted final 12 months.
“It type of was a shocker to me,” mentioned Invoice Hoagland, a senior vp on the Bipartisan Coverage Middle who began his profession on the CBO when it was first established in 1975. Hoagland and his well being care colleagues shared the CBO report and pored over the Medicare estimates.
This text is unique to STAT+ subscribers
Unlock this text — plus each day intelligence on Capitol Hill and the life sciences business — by subscribing to STAT+.
Have already got an account? Log in
To learn the remainder of this story subscribe to STAT+.
