A crucial Medicare trust fund will run out three years earlier than predicted

The financial future of the part of Medicare that pays older Americans’  hospital bills has deteriorated significantly, according to an annual government report that forecasts that the trust fund will be depleted by 2026 — three years sooner than expected a year ago. According to the report, less money will be flowing into the hospital-care trust fund in part because the tax law passed this year will cause the government to collect less in income taxes.

Trump’s 2020 budget proposes $1 trillion cut to Medicare, Medicaid

The White House released its 2020 budget proposal on Monday,
proposing more than $1 trillion in cuts to the popular programs Medicare
and Medicaid and giving insight into what the executive branch would do
if Congress didn’t control the federal government’s pocketbook.
The most notable cut comes out of Medicaid, a health program for
people who are low-income or have a disability, which Trump proposes
cutting by more than $700 billion over 10 years.

Trump Administration Unveils a Major Shift in Medicaid

The Trump administration said on Thursday that it would allow states to cap Medicaid spending
for many poor adults, a major shift long sought by conservatives that
gives states the option of reducing health benefits for millions who
gained coverage through the program under the Affordable Care Act.