Medicare Expected to Become Insolvent by 2031 Trustees Say

WASHINGTON — Interest groups here are sounding the alarm about a new report from the Medicare trustees that extended by 3 years the estimate for when the program would become insolvent. “Based on our best estimates, this year’s reports show that the Hospital Insurance (HI) Trust Fund will be able to pay 100% of total scheduled benefits until 2031, 3 years later than reported last year,” the trustees explained in a fact sheet on the report. “At that point, that fund’s reserves will become depleted and continuing program income will be sufficient to pay 89% of total scheduled benefits.” “Despite…