No, Medicare is Not Going Broke: Understanding the 2018 Medicare Trustees Report

The June 5 release of the Medicare Trustees Report has triggered alarm bell-style media headlines. Dozens of news reports about Medicare’s worsening financial outlook have painted a bleak picture—some bleaker than others, with one boldface headline announcing, “Medicare will go broke three years earlier than expected.” The “go broke” headline was referring to the report’s projection that the trust fund that pays for hospital services, called the Hospital Insurance (or Part A) trust fund, will be depleted in 2026, three …

Celebrating Medicare: Strengthening the Program for the Next 50 Years

On July 30, 1965, President Lyndon B. Johnson signed the Medicare program into law. Today, we celebrate 50 years of Medicare providing affordable, guaranteed health care to millions of Americans — but we also look toward its future. We must recommit ourselves to keeping this vital lifeline strong for current and future generations. It’s easy to forget what life was like for older Americans before Medicare was enacted. Back in 1965, only about 1 in 4 Americans over age 65 …