People think Medicare is going bankrupt

Published



People are pessimistic about Medicare’s longevity. Roughly 7 in 10 adults under 65 say they’re “worried” or “extremely worried” the program won’t be around when they need it, according to a new Gallup poll.

That may come as no surprise. Medicare expenditures exceeded $1 trillion in 2023. They’re on track to grow by roughly $930 billion over the next decade. The program’s Part A hospital insurance trust fund will run out of money in 2036, based on current trends.

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