CBO finds COVID-19 puts Medicare trust fund insolvency just 4 years away

CBO finds COVID-19 puts Medicare trust fund insolvency just 4 years away
September 16, 2020
Healthcare Dive

Summary: In a recent report, the Congressional Budget Office has moved up the timeline for how long the Hospital Insurance Trust Fund will remain solvent. The Impacts of COVID-19 on the healthcare system appears to be speeding up the timeline by putting additional stress on the health care system. The CBO report suggests that without Congressional action, significant cuts would have to be made to Medicare to avoid running out of funds.