The Medicare Trustees released an annual report that projected Medicare’s trust fund will continue to have money until 2030, according to Healthcare Finance.
Here are five interesting points:
1. This 15-year projection believes the money will last 13 more years than the Trustees’ prediction in 2009, which came out before the Affordable Care Act passed.
2. Medicare covered 53.8 million people in 2014, with expenditures of $613 billion on income of $599 billion, according to the article.
3. The benefit per enrollee was $12,432. Medicare spending growth has only been averaging 1.3 percent since 2010.
4. Yearly spending on Medicare beneficiaries grew by 5.9 percent from 2000 to 2008.
5. According to the report, Medicare could pay 86 percent of costs based on the rate of payroll tax collections, enrollment and spending.
More articles on related articles:
Social Security disability fund will run out of money if Congress doesn’t act: 5 key notes
8 ways Medicare is impacting physician/patient relationships
Now and then: A look at Medicare — 5 things to know
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
