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COVID & Unemployment

COVID unemployment is causing a serious funding issue for Medicare

by David Brancaccio , Chris Farrell , Erika Soderstrom and Daniel Shin

May 26, 2021

Medicare’s hospital insurance trust fund is projected to become insolvent sooner than expected — within three to five years.

The pandemic recession has pushed so many people out of work that funding for Medicare Part A, via payroll taxes, is down.

FG Trade via Getty Images

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