Market Intelligence Resource | April 23, 2012
2012 Annual Report of the Boards of Trustees of the Federal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance Trust Fund
April 23, 2012
On April 23, 2012, the Medicare Board of Trustees submitted its annual report to Congress. The trustees' analysis found that the difference between Medicare's total outlays and its "dedicated financing sources" reach 45% of outlays during fiscal year 2012. The 45% means that federal general revenues are becoming a substantial share of total financing for Medicare, as has been the case for seven consecutive years. The trustees issued a Medicare funding warning to Congress in compliance with federal law. The law directs the President to submit proposed legislation to Congress to respond to the warning.
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