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Medicare funds drying up faster than estimated
Modern Healthcare: The Medicare trust fund will be insolvent by 2026, three years earlier than estimates released by the Trump administration last year.
That's partly due to the Tax Cuts and Jobs Act which called for eliminating the individual mandate, according to the 2018 Medicare Trustee Report released Tuesday. President Donald Trump signed the act into law late last year. Eliminating the individual mandate will lead to a rise in uninsured, thus an increase in uncompensated care payments to hospitals.
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