National health expenditures will increase an average of 5.4% each year from 2022 to 2031, according to the latest projections from the Centers for Medicare and Medicaid Services' Office of the Actuary.
The President and Congress will have to address Medicare, sooner rather than later. The Medicare Hospital Insurance (HI) Trust Fund, plagued by a continuous string of annual cash deficits, will run out of the money to pay all of Medicare’s promised benefits in 2026 three years earlier than the Medicare Trustees projected last year.
Understanding the CBO's Changes in Medicare Spending Projections heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.