Policy · 116th Congress
Coronavirus economy drains Social Security, Medicare coffers
And Medicare’s Hospital Insurance trust fund would run out of money by 2026, at which point it would be able to cover only 90 percent of incurred costs.
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And Medicare’s Hospital Insurance trust fund would run out of money by 2026, at which point it would be able to cover only 90 percent of incurred costs.
Medicare’s Hospital Insurance Trust Fund will run out of money in 2026, the same as was projected last year, according to the new report.
As a result, CBO projects a cumulative deficit from 2026 to 2030 that is $4.3 trillion larger than the Administration’s estimate,” the report says.
That rate was cut to 37 percent by the 2017 tax law, but is scheduled to return to 39.6 percent in 2026.
However, full expensing starts to phase out in 2023 and ends after 2026. After that, the depreciation schedule reverts to seven years. Very few horses race more than three years, Barr said.