Boards of Trustees for the Federal Hospital Insurance & Federal Supplementary Medical Insurance Trust Funds Issue Annual Report to Congress (Part 3 of 12)

WASHINGTON, June 8 (TNSrep) -- The Boards of Trustees for the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds issued a 263-page annual report to Congress on June 2, 2022.

(Continued from Part 2 of 12)

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C. PART B FINANCIAL STATUS

This section presents actual operations of the Part B account in the SMI trust fund in 2021 and Part B projections for the next 75 years.

Section III.C1 discusses Part B financial results for 2021, and sections III.C2 and III.C3 discuss the short-range Part B projections and the long-range projections, respectively.

The projections shown in sections III.C2 and III.C3 assume no changes will occur in the statutory provisions and regulations under which Part B now operates.

1. Financial Operations in Calendar Year 2021

Table III.C1 presents a statement of the revenue and expenditures of the Part B account of the SMI trust fund in calendar year 2021, and of its assets at the beginning and end of the year.

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The report is posted at: https://www.cms.gov/files/document/2022-medicare-trustees-report.pdf

(Continues with Part 4 of 12)

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