Medicare's voluntary Medicare Part A premium revenue increased 7.5 percent between 2018 and 2019, to $3.9 billion.(Credit: CMS)
The Medicare Part A inpatient hospital care insurance program lost $5.8 billion in 2019 on $323 billion in revenue.
That compares with a loss of $1.6 billion on $303 billion in revenue in 2018, according to the new Medicare Trustees Report.
The program's main source of revenue, payroll taxes, rose 6.3 percent, to $285 billion, but low interest rates cut interest income and other investment income to $9 billion, from $9.8 billion.
Resources
- Medicare Trustees Report documents are available here.
- Social Security Trustees Report documents are available here.
Benefits payments climbed 6.5 percent, to $323 billion.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
