The Coming Crisis For The Medicare Trust Fund

Health Affairs Blog: David Muhlestein, chief strategy and chief research officer for Leavitt Partners, published a blog on Health Affairs titled “The Coming Crisis for the Medicare Trust Fund.” Medicare was established through legislation in 1965 to ensure that senior citizens would have access to health care in the later years of their lives. Shortly after the creation of Medicare, the Centers for Medicare and Medicaid Services (CMS) began to project the number of years until Medicare’s Hospital Insurance Trust Fund would be exhausted. That projection has changed over time as budget shortfalls, economic recession, and major health care legislation have impacted the outlook for Medicare’s viability into the future. The United States is running out of time to save the Medicare trust fund as the time frame to exhaustion has become compressed. Read the full article here.