FAQs on Medicare Financing and Trust Fund Solvency

( by Juliette Cubanski and Tricia Neuman for Kaiser Family Foundation Published: Jun 17, 2022)

Medicare, the federal health insurance program for 65 million people ages 65 and over and younger people with long-term disabilities, helps to pay for hospital and physician visits, prescription drugs, and other acute and post-acute care services. In 2021, Medicare benefit payments totaled $689 billion, net of premiums and other offsetting receipts. Accounting for 20% of national health care spending and 12% of the federal budget in 2020, Medicare spending often plays a major role in federal health policy and budget discussions. Continue reading here…

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