Both the Medicare Actuaries and the Congressional Budget Office Project Depletion of the Medicare Hospital Insurance Trust Fund in 2026

Balance in the HI trust fund at the end of the year (in billions)

NOTE: HI is Hospital Insurance. Medicare actuaries: actual data for 2019 and projected data for 2020-2026. CBO: actual data for 2019-2020 and projected data for 2021-2026. SOURCE: KFF analysis of data from the 2020 Annual Report of the Boards of Trustees, Federal Hospital Insurance and Federal Supplementary Medical Trust Funds, April 2020, and the Congressional Budget Office (CBO), 10-year Trust Fund Projections, February 2021.
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