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Article: Medicare Trustees report.(Policy & Practice)(federal Hospital Insurance Trust Fund underfunded)(Brief article)
- Article from:
- Family Practice News
- Article date:
- June 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 International Medical News Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The federal Hospital Insurance Trust Fund--better known as Medicare Part A--is not adequately funded to meet the needs of future beneficiaries, according to the annual report of the Social Security and Medicare Trustees. "The Hospital Insurance Trust Fund is not adequately financed over the next 10 years," the report said. "From the beginning of 2006 to the end of 2015, the assets of the Hospital Insurance Trust Fund are projected to decrease from $286 billion to $197 billion, which would be less than the recommended minimum level of i year's expenditures." The trustees added that "the financial outlook for the Medicare program continues to raise serious concerns." Senate ...