Voter Guide: Medicare
Medicare, the government health insurance plan for Americans aged 65 and older and younger people with disabilities, covers nearly 55 million people.With more Americans living longer and millions of baby boomers about to turn 65, the program is expected to grow, covering as many as 80 million people by the year 2030. Medicare is an expensive program, with spending that reached $605 billion in 2015.
At the current rate of spending, officials estimate that Medicare’s Part A trust fund, which mostly pays for hospital care, will be unable to cover 100% of hospital insurance costs by 2030. Here are some of the proposals to cut Medicare spending and lengthen the life of the trust fund.