2017 Annual Report of the Federal Supplementary Medical Insurance Trust Fund

The Medicare and Social Security Trustees issued the 2017 Annual Report of the Boards of Trustees of the Federal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance Trust Fund yesterday, projecting the Part A Trust Fund will be solvent through 2028. The 2029 depletion date is a year longer than the Trustees’ estimate last year and twelve years longer than projected before the Affordable Care Act passed. It is important to keep in mind that this does not mean that Medicare itself would be bankrupt in 2029 – it would still be able to pay out approximately 87% of its benefits.