NPR: Another Problem On The Health Horizon: Medicare Is Running Out Of Money
A fund for Medicare that pays for hospitalizations and in-patient care may run out of money as early as 2022 or 2023. A researcher at the Leonard Davis Institute of Health Economics at the University of Pennsylvania came up with this estimate. The trustees at Medicare have not adjusted their estimate from April. That estimate predicted that this fund would run out of money by 2026. This fund gets most of its money from a 1.45% tax paid by employees and employers. This is likely to happen sooner than people thought because millions of people are no longer working. This means that less money from the tax is going to this fund. It is not clear what would happen when Medicare runs out of this money.
