Medicare’s Board of Trustees has released its annual report to Congress on the financial health of the Medicare program, which pays for roughly 20% of all medical care in the United States. Trustees have pushed back Medicare’s depletion date (the time when the program is projected to run out of cash) from 2026 to 2028. The economy is recovering from the COVID-19 pandemic more rapidly than expected, but HHS Secretary Xavier Becerra reminds the public that these calculations are based on February’s numbers—before the latest COVID-19 spike and inflation increase. Keep reading for more on Medicare’s financial health and why it matters to hospitals. Read More >>>