2016 Annual Report of the Board of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds

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.