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Manchin has expressed concern about any Medicare expansion, saying its costs shouldn’t be increased at a time when the program’s hospital insurance trust fund is slated to become insolvent by 2026
, the CBO said if current laws generally remain unchanged, debt as a share of the economy will fall slightly from an estimated 102.3 percent of GDP in fiscal 2021 to slightly less than 101 percent in 2026
Medicare’s trust fund, which pays for inpatient hospital care, is expected to start running dry in 2026, according to the 2020 annual trustees’ report.
Union pension plans’ financial woes are putting such a strain on the PBGC that its multiemployer insurance fund is in danger of running dry by 2026.