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The brief’s key findings are: Introduction What captures the headlines about Medicare is the exhaustion date of the Hospital Insurance (HI) trust fund. But HI is only 38 percent of Medicare expenditures today and is projected to decline further, and the HI shortfall – once the trust fund assets are depleted – is only 11 percent of…
The projected funded ratio for state and local pension plans in FY 2025 is 77.7 percent, 1.5 percentage points higher than 2023 – the date of our last funding update. These gains seem quite modest, given that the S&P index increased more than 40 percent between June 2023 and June 2025…
