Medicare: Insolvency Projections Page: 3 of 15
This report is part of the collection entitled: Congressional Research Service Reports and was provided to UNT Digital Library by the UNT Libraries Government Documents Department.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Medicare: Insolvency Projections
Contents
Introduction...................................................................................................................................... 1
Medicare Hospital Insurance (HI) Financing .............................................................................. 2
W hat Is the H I T rust Fund?....................................................................................................... 2
H istory of H I Solvency Projections ............................................................................................ 3
C urrent Insolvency P rojections................................................................................................... 6
What Would Happen If the Fund Became Insolvent?................................................................. 7
Financing Issues............................................................................................................................... 8
Figures
Figure 1. Projected Number of Years Until HI Insolvency .......................................................... 4
Figure 2. HI Trust Fund Assets at Beginning of Year
as a Percentage of A nnual Expenditures.................................................................................... 7
Tables
Table 1. Year of Projected Insolvency of the Hospital Insurance Trust Fund in Past and
C urrent T rustees R eports ...................................................................................................... 4
Table A-1. Operation of the Hospital Insurance Trust Fund, Calendar Years 1970-2022............ 9
Table B-1. Tax Rates and Maximum Tax Bases ............................................................................ 11
Appendixes
Appendix A. Operation of the Hospital Insurance Trust Fund ................................................... 9
Appendix B. Historical Payroll Tax Rates..................................................................................... 11
Contacts
A uthor C ontact Inform ation................................................................................................... 12Congressional Research Service
Upcoming Pages
Here’s what’s next.
Search Inside
This report can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Report.
Medicare: Insolvency Projections, report, July 3, 2013; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc810554/m1/3/: accessed April 26, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.