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The Hospital Insurance Trust Fund will be able to pay all scheduled benefits until 2031, according to the Social Security and Medicare Boards of Trustees 2023 Annual Report.
These include total Medicare spending as a share of gross domestic product (GDP), the solvency of the Medicare HI trust fund, Medicare per-capita spending growth relative to inflation and per-capita GDP growth; general fund revenue as a share of total Medicare spending; and actuarial estimates of unfunded liability over the 75-year timeframe ...
The 2031 date refers to the trust fund for Medicare Part A, which pays for hospital visits, nursing home care, hospice care and some home health visits. Most of its revenue comes from payroll ...
Medicare is primarily funded through government contributions, payroll taxes collected under FICA, and premiums paid by beneficiaries. Medicare is primarily funded through government contributions ...
In the United States, intragovernmental holdings are primarily composed of the Medicare trust funds, the Social Security Trust Fund, and Federal Financing Bank securities. A small amount of marketable securities are held by government accounts. [1] [2]
The remainder goes to the Medicare Hospital Insurance trust fund. According to the Tax Foundation, Trump’s proposed tax cut would reduce tax revenue by about $1.4 trillion from 2025 to 2034 ...
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