The U.S. federal program that pays elderly Americans’ hospital bills will exhaust its reserves in 2028, two years sooner than last year’s estimate, trustees of the program said on Wednesday, but spending growth remained within forecasts. The Medicare program, which provides health coverage for more than 55 million older as well as disabled people, said that the projected growth rate for per capita spending has not exceeded its target. As such, the government would not need to immediately set up an Independent Payment Advisory Board to make proposals on the cuts, it said.
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Medicare program spending within target rate: trustees