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From the Document: The 2020 Medicare trustees\' report released in April did not incorporate how the coronavirus pandemic would affect program finances Even so, the trustees project that the Medicare Hospital Insurance (HI) trust fund will be unable to fully cover its obligations beginning in 2026 While the cost of treating patients with COVID-19 [coronavirus disease 2019] might be offset by a delay or reduction in patient use of other medical services, the deep recession now underway will erode payroll tax revenue and hasten the depletion of HI reserves The Supplementary Medicare Insurance trust fund, which accounts for the cost of physician and other services and the drug benefit, adds an even larger burden on taxpayers Congress and the administration should reform the entire program to lower long-term costs while protecting the quality of services provided to the nation\'s elderly COVID-19 (Disease);Public health;Epidemics
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COVID-19 and the Medicare Trust Funds
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