The Future of Medicare and SSA

If nothing is done to address the projected shortfall of the combined funds, they will be able to pay only 80 percent of the benefits due retirees sometime during 2034. If the OASI fund is viewed separately, it would be able to pay only 77 percent of benefits sometime during 2033.

Here is the Social Security Administration’s summary of the report. And here is a graphic provided by the nonprofit Committee for a Responsible Federal Budget (CRFB) explaining the report: 



The Medicare Report

The expiration date of Medicare’s Part A Hospital Insurance (HI) trust fund improved by three years to 2031 but hold the applause. One of the primary causes of the gain were the Pandemic-related deaths of some of Medicare’s sickest and most expensive enrollees. The program’s remaining beneficiaries are not expected to incur such costly expenses for Part A, which covers care in hospitals, nursing homes, and hospice programs.

Here's a snapshot of the HI fund:

 
full article

Telethink Health #aginginplace #costreduction 



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