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Expert Analysis

Congress Won't Allow Medicare To Go Bankrupt

Law360, New York (August 8, 2014, 10:47 AM EDT) -- Recently, the Medicare Board of Trustees projected that the Medicare Part A trust fund will stave off solvency until 2030. This fund for hospital insurance coverage is the main trust behind Medicare, the $583 billion federal health insurance program for residents who are elderly and disabled. The trustees have concluded Medicare Part A "is not adequately financed over the next 10 years." In other words, present expenditures will exceed revenues for hospital care in 16 years and zero trust fund dollars will be available to offset the cost gap....

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