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Individual Taxes

T10-0080 - Broaden Medicare Hospital Insurance Tax Base; Baseline: Current Law; Distribution by Cash Income Level, 2013

February 22, 2010
Individual Taxes

T10-0081 - Broaden Medicare Hospital Insurance Tax Base; Baseline: Current Law; Distribution by Cash Income Percentile, 2013

February 22, 2010

From The Briefing Book

From the Briefing Book

What is the Medicare trust fund, and how is it financed?

December 23, 2015 by tpc-admin

Q.

What is the Medicare trust fund, and how is it financed?

A.

The Medicare trust fund finances health services for beneficiaries of Medicare, a government insurance program for the elderly, the disabled, and people with qualifying health conditions specified by Congress. The trust fund is financed by payroll taxes, general tax revenue, and the premiums enrollees pay.

  • Read more about What is the Medicare trust fund, and how is it financed?

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