Medicare Financing
The Status of the Medicare Part A and Part B Trust Funds: The Trustees’ 2002 Annual Report
Research Report
Craig Caplan, AARP Public Policy Institute
Normandy Brangan, AARP Public Policy Institute
April 2002
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Financial transactions of the Medicare program operate through two trust funds. The Federal Hospital Insurance (HI) Trust Fund finances Medicare Part A, which covers inpatient hospital, home health, skilled nursing facility, psychiatric hospital, and hospice care services. The Federal Supplementary Medical Insurance (SMI) Trust Fund finances Part B, which covers physician visits, outpatient services, some mental health services, durable medical equipment, some preventive services, and home health visits not covered under Part A. This Data Digest summarizes the current and projected financial status of these trust funds, as determined by the Trustees in their year 2002 report to Congress.
— from the AARP Public Policy Institute Data Digest by Craig Caplan and Normandy Brangan (6 pages)
Pub ID: DD71