07.22.20

Another Problem On The Health Horizon: Medicare Is Running Out Of Money

Source: NPR

Everyone involved even tangentially in health care today is consumed by the coronavirus pandemic, as they should be. But the pandemic is accelerating a problem that used to be front and center in health circles: the impending insolvency of Medicare, according to an NPR report.

With record numbers of Americans out of work, fewer payroll taxes are rolling in to fund Medicare spending, the number of beneficiaries is rising, and Congress dipped into Medicare’s reserves to help fund the COVID-19 relief efforts this spring.

Read the full article.

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