On May 6th, the 2024 Annual Report of the Boards of Trustees of the Federal Hospital Insurance Trust Fund and the Federal Supplementary Medical Insurance Trust Fund was released. It’s a very long title for a report that simply tells us the financial state of Medicare and project the future financial solvency of the program. One claim of the report is Medicare solvency has been extended 5 more years than the 2023 projection, and won’t go broke until 2036. But as with all things involving the Biden Administration, that isn’t the entire story.
The 261-page report should be a purely factual document, but like everything in today’s day and age, it’s politically biased. One clue as to the leaning of this political bias is who is on the Board who submitted this report to the Speaker of the House and the President of the Senate: They are all Biden appointees. Chief among them…
