Tag: Healthcare costs
Medicare trustees expect Part B costs to grow steadily
April 23, 2019HME News Staff
WASHINGTON - Projected costs for the Supplementary Medical Insurance (SMI) Trust Fund, which funds Medicare Part B and D, are expected to grow steadily from 2.1% of GDP in 2018 to about 3.7% GDP in 2038, according to the 2019 Medicare Trustees Report.The reason: an aging population and rising healthcare costs.Despite the growth, the SMI Trust Fund is expected to be adequately financed in all years because premium income and general revenue income are reset annually to cover expected costs, the trustees...
