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What Medicare Part A’s belly-up date means for you

KATE ASHFORD of NerdWallet

At its current pace, Medicare’s Hospital Insurance trust fund will run out of money in 2028, according to the latest Medicare trustees report. That’s a two-year extension on the previous estimate, but experts say it’s still not good news, and the government needs to stop twiddling its thumbs. If Medicare exhausts its Part A reserves, hospital insurance spending will be cut by 10% starting as soon as 2029. Shoring up Medicare could mean doing things like shifting some benefits from Part A to Part B, revamping Medicare prescription drug coverage, reducing payments to providers or moving some money over from other parts of the government’s budget.

Article Topic Follows: AP National Business

Associated Press

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