Fun Fact of the Day, July 16, 2018

July 16, 2018

MEDICARE - Per a 6/05/18 report, the trust fund supporting Medicare Part A (hospital insurance) is projected to be depleted by 2026.  The long-term (75-year) present value shortfall in the trust fund could be corrected by an immediate 0.82 percentage point increase in combined Medicare payroll taxes (from its current 2.90% to 3.72%) or an immediate 17% reduction in Medicare expenditures (source: Medicare Trustees 2018 Report).

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