2004 Annual Report of the Boards of Trustees of the Hospital Insurance and Supplementary Medical Insurance Trust Funds
The Medicare program is the second-largest social insurance program in the United States, with 41 million beneficiaries and total expenditures of $281 billion in 2003. The Boards of Trustees for Medicare report annually to the Congress on the financial operations and actuarial status of the program. Beginning in 2002, there is one combined report discussing both the Hospital Insurance program ("Part A" of Medicare) and the Supplementary Medical Insurance program ("Part B"). The Office of the Actuary in CMS prepares the report under the direction of the Boards.
The Boards of Trustees issued their most recent report on March 23, 2004.
The Trustees Report is a detailed, lengthy document, containing a substantial amount of information on the past and estimated future financial operations of the Hospital Insurance and Supplementary Medical Insurance Trust Funds. We recommend that readers begin with the "Overview" section of the report. This section is fairly short, is written in "plain English," and summarizes all the key information concerning the expected financial outlook for Medicare. Substantial additional material is available in the later sections for those wishing to delve more deeply into the actuarial projections.
2004 Annual Report of the Boards of Trustees of the Federal Hospital Insurance Trust and Federal Supplementary Medical Insurance Trust Funds
- Table of Contents, Tables & Figures
- PDF format (1.4M Bytes)
2003 Annual Report of the Boards of Trustees of the Federal Hospital Insurance Trust and Federal Supplementary Medical Insurance Trust Funds
- Table of Contents, Tables & Figures
- PDF format (901K Bytes)
2002 Annual Report of the Boards of Trustees of the Federal Hospital Insurance Trust and Federal Supplementary Medical Insurance Trust Funds
- Table of Contents, Tables & Figures
- PDF format (967K Bytes)
Other Reports
- Technical Panel Review of Assumptions and Methods of the Medicare Trustees' Financial Projections (December 2000)
- U.S. Treasury - Office Of Economic Policy - Social Security Reports
The Board of Trustees also issues a report on the financial status of the Old-Age and Survivors Insurance (OASI) and the Disability Insurance (DI) Trust Funds, as well as a summary of the Social Security and Medicare reports. These documents are available from the Social Security Administration.
- OASDI Trustees Report
- Status of the Social Security and Medicare Programs (Trustees' Summary)
Contact
All questions on the Medicare Trustees Report should be emailed to
dmmce@cms.hhs.gov.
To expedite this process, please mention "Trustees Report" in your request.
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