FORTUNE: In less than a year, Trump erased 12 years of solvency for the trust fund that pays for Medicare Part A
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FORTUNE: In less than a year, Trump erased 12 years of solvency for the trust fund that pays for Medicare Part A
"The primary culprit for this accelerated depletion is a sharp reduction in the fund’s projected income, heavily driven by legislation passed over the last year. Specifically, the 2025 reconciliation act (Public Law 119-21, more commonly known as the One Big Beautiful Bill Act) significantly reduced the revenues the trust fund normally receives from taxing Social Security benefits. This legislation lowered tax rates and established a temporary deduction for taxpayers age 65 or older. Consequently, this major policy shift enacted during the Trump administration has directly contributed to starving the Medicare safety net of critical future funding"
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