Medicare Finances: A 2024 Update

Alicia H. Munnell

Issues in Brief from Center for Retirement Research

Abstract: The 2024 Medicare Trustees Report, released this spring to little fanfare, contained relatively good news. The hospital program’s long-term deficit fell to its lowest level in years, and the depletion date of its trust fund has been pushed out five years. And Medicare’s overall spending outlook is still much better than a decade ago, even under assumptions that policymakers curb some cost controls. That said, Medicare continues to face high and growing costs because the overall U.S. healthcare system is so expensive.

Pages: 7 pages
Date: 2024-07
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