{ "id": "RS20946", "type": "CRS Report", "typeId": "RS", "number": "RS20946", "active": true, "source": "CRSReports.Congress.gov, EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source_dir": "crsreports.congress.gov", "title": "Medicare: Insolvency Projections", "retrieved": "2021-11-26T04:03:43.610910", "id": "RS20946_29_2021-10-25", "formats": [ { "filename": "files/2021-10-25_RS20946_841c92088a1164b2ae4000a292e22ae0dd65d1ee.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/RS/RS20946/29", "sha1": "841c92088a1164b2ae4000a292e22ae0dd65d1ee" }, { "format": "HTML", "filename": "files/2021-10-25_RS20946_841c92088a1164b2ae4000a292e22ae0dd65d1ee.html" } ], "date": "2021-10-25", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "RS", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=RS20946", "type": "CRS Report" }, { "source_dir": "crsreports.congress.gov", "title": "Medicare: Insolvency Projections", "retrieved": "2021-11-26T04:03:43.610378", "id": "RS20946_28_2020-05-29", "formats": [ { "filename": "files/2020-05-29_RS20946_ac952a7d092435c20827c3dbc3ecc2712ee3f770.pdf", "format": "PDF", "url": "https://crsreports.congress.gov/product/pdf/RS/RS20946/28", "sha1": "ac952a7d092435c20827c3dbc3ecc2712ee3f770" }, { "format": "HTML", "filename": "files/2020-05-29_RS20946_ac952a7d092435c20827c3dbc3ecc2712ee3f770.html" } ], "date": "2020-05-29", "summary": null, "source": "CRSReports.Congress.gov", "typeId": "RS", "active": true, "sourceLink": "https://crsreports.congress.gov/product/details?prodcode=RS20946", "type": "CRS Report" }, { "source": "EveryCRSReport.com", "id": 601525, "date": "2019-07-03", "retrieved": "2019-12-20T17:30:18.013982", "title": "Medicare: Insolvency Projections", "summary": "Medicare is the nation\u2019s health insurance program for persons aged 65 and older and certain disabled persons. Medicare consists of four distinct parts: Part A (Hospital Insurance, or HI); Part B (Supplementary Medical Insurance, or SMI); Part C (Medicare Advantage, or MA); and Part D (the outpatient prescription drug benefit). \nThe Part A program is financed primarily through payroll taxes levied on current workers and their employers; these taxes are credited to the HI Trust Fund. The Part B program is financed through a combination of monthly premiums paid by current enrollees and general revenues. Income from these sources is credited to the SMI Trust Fund. As an alternative, beneficiaries can choose to receive all their Medicare services through private health plans under the MA program; payment is made on beneficiaries\u2019 behalf in appropriate parts from the HI and SMI Trust Funds. The Part D drug benefit is funded through a separate account in the SMI Trust Fund and is financed through general revenues, state contributions, and beneficiary premiums. The HI and SMI Trust Funds are overseen by the Medicare Board of Trustees, which makes an annual report to Congress concerning the financial status of the funds.\nSince the inception of Medicare in 1966, the HI Trust Fund has always faced a projected shortfall. The insolvency date has been postponed a number of times, primarily due to legislative changes that have had the effect of restraining growth in program spending. The 2019 Medicare Trustees Report projects that, under intermediate assumptions, the HI Trust Fund will become insolvent in 2026, the same year as estimated in the prior year\u2019s report.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "https://www.crs.gov/Reports/RS20946", "sha1": "a9b67a710553657a28d1aaf8ec15c5d650605b17", "filename": "files/20190703_RS20946_a9b67a710553657a28d1aaf8ec15c5d650605b17.html", "images": { "/products/Getimages/?directory=RS/html/RS20946_files&id=/0.png": "files/20190703_RS20946_images_0c4dde3b4413e46bfcc97ca7cd64faf2bcb553ec.png", "/products/Getimages/?directory=RS/html/RS20946_files&id=/1.png": "files/20190703_RS20946_images_e41e6cc41dd0c2d2e4ec84a8b2cb02edc35b11b2.png" } }, { "format": "PDF", "encoding": null, "url": "https://www.crs.gov/Reports/pdf/RS20946", "sha1": "03873b86d35d365b26cd0f55954df803f88c1652", "filename": "files/20190703_RS20946_03873b86d35d365b26cd0f55954df803f88c1652.pdf", "images": {} } ], "topics": [] }, { "source": "EveryCRSReport.com", "id": 582117, "date": "2018-06-18", "retrieved": "2018-06-20T22:13:39.994370", "title": "Medicare: Insolvency Projections", "summary": "Medicare is the nation\u2019s health insurance program for persons aged 65 and older and certain disabled persons. Medicare consists of four distinct parts: Part A (Hospital Insurance, or HI); Part B (Supplementary Medical Insurance, or SMI); Part C (Medicare Advantage, or MA); and Part D (the outpatient prescription drug benefit). \nThe Part A program is financed primarily through payroll taxes levied on current workers and their employers; these taxes are credited to the HI Trust Fund. The Part B program is financed through a combination of monthly premiums paid by current enrollees and general revenues. Income from these sources is credited to the SMI Trust Fund. As an alternative, beneficiaries can choose to receive all their Medicare services through private health plans under the MA program; payment is made on beneficiaries\u2019 behalf in appropriate parts from the HI and SMI Trust Funds. The Part D drug benefit is funded through a separate account in the SMI Trust Fund and is financed through general revenues, state contributions, and beneficiary premiums. The HI and SMI Trust Funds are overseen by the Medicare Board of Trustees, which makes an annual report to Congress concerning the financial status of the funds.\nFrom its inception, the HI Trust Fund has faced a projected shortfall. The insolvency date has been postponed a number of times, primarily due to legislative changes that have had the effect of restraining growth in program spending. The 2018 Medicare Trustees Report projects that, under intermediate assumptions, the HI Trust Fund will become insolvent in 2026, three years earlier than estimated in the prior year\u2019s report.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RS20946", "sha1": "8cc2f94d2b902e2e60a18159518b1605bff7378f", "filename": "files/20180618_RS20946_8cc2f94d2b902e2e60a18159518b1605bff7378f.html", "images": { "/products/Getimages/?directory=RS/html/RS20946_files&id=/0.png": "files/20180618_RS20946_images_7e733ce885f9abd105af65eda3bc91b70fa60b55.png", "/products/Getimages/?directory=RS/html/RS20946_files&id=/1.png": "files/20180618_RS20946_images_b92da44bb90a026aa3887cc588b0f80ad8db0d35.png" } }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS20946", "sha1": "ef53db0c6ca3e35d4c17556f371c964e48433d2a", "filename": "files/20180618_RS20946_ef53db0c6ca3e35d4c17556f371c964e48433d2a.pdf", "images": {} } ], "topics": [] }, { "source": "EveryCRSReport.com", "id": 463385, "date": "2017-08-16", "retrieved": "2017-08-21T14:19:26.318434", "title": "Medicare: Insolvency Projections", "summary": "Medicare is the nation\u2019s health insurance program for persons aged 65 and older and certain disabled persons. Medicare consists of four distinct parts: Part A (Hospital Insurance, or HI); Part B (Supplementary Medical Insurance, or SMI); Part C (Medicare Advantage, or MA); and Part D (the outpatient prescription drug benefit). \nThe Part A program is financed primarily through payroll taxes levied on current workers and their employers; these taxes are credited to the HI Trust Fund. The Part B program is financed through a combination of monthly premiums paid by current enrollees and general revenues. Income from these sources is credited to the SMI Trust Fund. As an alternative, beneficiaries can choose to receive all their Medicare services through private health plans under the MA program; payment is made on beneficiaries\u2019 behalf in appropriate parts from the HI and SMI Trust Funds. The Part D drug benefit is funded through a separate account in the SMI Trust Fund and is financed through general revenues, state contributions, and beneficiary premiums. The HI and SMI Trust Funds are overseen by the Medicare Board of Trustees, which makes an annual report to Congress concerning the financial status of the funds.\nFrom its inception, the HI Trust Fund has faced a projected shortfall. The insolvency date has been postponed a number of times, primarily due to legislative changes that have had the effect of restraining growth in program spending. The 2017 Medicare Trustees Report projects that, under intermediate assumptions, the HI Trust Fund will become insolvent in 2029, one year later than estimated in the prior year\u2019s report.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RS20946", "sha1": "9f6d311c820d90848067343cd806eff0e76dcee2", "filename": "files/20170816_RS20946_9f6d311c820d90848067343cd806eff0e76dcee2.html", "images": { "/products/Getimages/?directory=RS/html/RS20946_files&id=/0.png": "files/20170816_RS20946_images_72f77a45bf2b754b25ecc520a5c024ad23e7af89.png", "/products/Getimages/?directory=RS/html/RS20946_files&id=/1.png": "files/20170816_RS20946_images_3f56896e6cf6045f5283116669da6ed8c9552e26.png" } }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS20946", "sha1": "73360208c951b5af12a59dd0ed139d807d839461", "filename": "files/20170816_RS20946_73360208c951b5af12a59dd0ed139d807d839461.pdf", "images": {} } ], "topics": [] }, { "source": "EveryCRSReport.com", "id": 456315, "date": "2016-10-05", "retrieved": "2016-11-28T21:27:22.490568", "title": "Medicare: Insolvency Projections", "summary": "Medicare is the nation\u2019s health insurance program for persons aged 65 and older and certain disabled persons. Medicare consists of four distinct parts: Part A (Hospital Insurance, or HI); Part B (Supplementary Medical Insurance, or SMI); Part C (Medicare Advantage, or MA); and Part D (the outpatient prescription drug benefit). \nThe Part A program is financed primarily through payroll taxes levied on current workers and their employers; these taxes are credited to the HI Trust Fund. The Part B program is financed through a combination of monthly premiums paid by current enrollees and general revenues. Income from these sources is credited to the SMI Trust Fund. As an alternative, beneficiaries can choose to receive all their Medicare services through private health plans under the MA program; payment is made on beneficiaries\u2019 behalf in appropriate parts from the HI and SMI Trust Funds. The Part D drug benefit is funded through a separate account in the SMI Trust Fund and is financed through general revenues, state contributions, and beneficiary premiums. The HI and SMI Trust Funds are overseen by the Medicare Board of Trustees, which makes an annual report to Congress concerning the financial status of the funds.\nAlmost from its inception, the HI Trust Fund has faced a projected shortfall. The insolvency date has been postponed a number of times, primarily due to legislative changes that have had the effect of restraining growth in program spending. The 2016 Medicare trustees\u2019 report projects that, under intermediate assumptions, the HI Trust Fund will become insolvent in 2028, two years earlier than estimated in the prior year\u2019s report.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RS20946", "sha1": "ad9f45db99c58c20715e5487054ccd01fa7f1d5f", "filename": "files/20161005_RS20946_ad9f45db99c58c20715e5487054ccd01fa7f1d5f.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS20946", "sha1": "447609e62a68b615e87234d7d6f73f73d42d3fac", "filename": "files/20161005_RS20946_447609e62a68b615e87234d7d6f73f73d42d3fac.pdf", "images": null } ], "topics": [] }, { "source": "EveryCRSReport.com", "id": 446662, "date": "2014-09-19", "retrieved": "2016-04-06T20:04:02.894040", "title": "Medicare: Insolvency Projections", "summary": "Medicare is the nation\u2019s health insurance program for persons aged 65 and older and certain disabled persons. Medicare consists of four distinct parts: Part A (Hospital Insurance, or HI); Part B (Supplementary Medical Insurance, or SMI); Part C (Medicare Advantage, or MA); and Part D (the outpatient prescription drug benefit). \nThe Part A program is financed primarily through payroll taxes levied on current workers and their employers; these are credited to the HI Trust Fund. The Part B program is financed through a combination of monthly premiums paid by current enrollees and general revenues. Income from these sources is credited to the SMI Trust Fund. As an alternative, beneficiaries can choose to receive all their Medicare services through private health plans under the MA program; payment is made on their behalf in appropriate parts from the HI and SMI Trust Funds. The Part D drug benefit is funded through a separate account in the SMI Trust Fund and is financed through general revenues, state contributions, and beneficiary premiums. The HI and SMI Trust Funds are overseen by a board of trustees that makes an annual report to Congress concerning the financial status of the funds.\nAlmost from its inception, the HI Trust Fund has faced a projected shortfall. The insolvency date has been postponed a number of times, primarily due to legislative changes that have had the effect of restraining growth in program spending. The 2014 Medicare Trustees report projects that, under intermediate assumptions, the HI Trust Fund will become insolvent in 2030, four years later than estimated in the prior year\u2019s report.", "type": "CRS Report", "typeId": "REPORTS", "active": true, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RS20946", "sha1": "9c27f22a2120b920bba0ba703f4c557af1aa675a", "filename": "files/20140919_RS20946_9c27f22a2120b920bba0ba703f4c557af1aa675a.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS20946", "sha1": "370e702678f7591f43d1a99b1c64844661551622", "filename": "files/20140919_RS20946_370e702678f7591f43d1a99b1c64844661551622.pdf", "images": null } ], "topics": [ { "source": "IBCList", "id": 2177, "name": "Medicare" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc810554/", "id": "RS20946_2013Jul03", "date": "2013-07-03", "retrieved": "2016-03-19T13:57:26", "title": "Medicare: Insolvency Projections", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20130703_RS20946_f75b4b47131949fdc316601847dd273ca4fd4cde.pdf" }, { "format": "HTML", "filename": "files/20130703_RS20946_f75b4b47131949fdc316601847dd273ca4fd4cde.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc821734/", "id": "RS20946_2012Jun11", "date": "2012-06-11", "retrieved": "2016-03-19T13:57:26", "title": "Medicare: History of Insolvency Projections", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20120611_RS20946_ae427e3b804713b005b06444df2cf5b691856117.pdf" }, { "format": "HTML", "filename": "files/20120611_RS20946_ae427e3b804713b005b06444df2cf5b691856117.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc813267/", "id": "RS20946_2011Jun01", "date": "2011-06-01", "retrieved": "2016-03-19T13:57:26", "title": "Medicare: History of Insolvency Projections", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20110601_RS20946_c0c681f8531265f198c5ee8a3ba99e114e6391e7.pdf" }, { "format": "HTML", "filename": "files/20110601_RS20946_c0c681f8531265f198c5ee8a3ba99e114e6391e7.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc819655/", "id": "RS20946_2008Mar28", "date": "2008-03-28", "retrieved": "2016-03-19T13:57:26", "title": "Medicare: History of Part A Trust Fund Insolvency Projections", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20080328_RS20946_606171f158c672ed47a550ff71a159cfcef7d29d.pdf" }, { "format": "HTML", "filename": "files/20080328_RS20946_606171f158c672ed47a550ff71a159cfcef7d29d.html" } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc805183/", "id": "RS20946_2006May04", "date": "2006-05-04", "retrieved": "2016-03-19T13:57:26", "title": "Medicare: History of Part A Trust Fund Insolvency Projections", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20060504_RS20946_3a5b6d7389afa3d03586862607654ae9eb89aa76.pdf" }, { "format": "HTML", "filename": "files/20060504_RS20946_3a5b6d7389afa3d03586862607654ae9eb89aa76.html" } ], "topics": [] } ], "topics": [ "Health Policy" ] }