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 …