Growth

The Medicare Board of Trustees issued the 2016 report to Congress on the financial operations and actuarial status of the program. Medicare is the second-largest social insurance program in the U.S., with 55.3 million beneficiaries. The trustees projected that the Hospital Insurance Trust Fund will remain fully funded until 2028, 11 years longer than projected before the Affordable Care Act. Further analysis of expenditure growth overall and each part of the program is included in the report.

The Medicare Board of Trustees released their annual report to Congress on the financial operations and actuarial status of Medicare on July 22, 2015. The report included a projection indicating that the trust fund will remain solvent until 2030, which is 13 years longer than the 2009 prediction. Medicare covered 53.8 million people last year and the report provides a break down of the expenditures of each individual part of Medicare and its overall cost.