Thoughts on Healthcare Markets & Technology
Thoughts on Healthcare Markets & Technology Podcast
The 2026 Medicare Trustees Report, Decoded: a 2033 Part A Cliff, a $4.2T Hospital Insurance Hole, GLP-1 & Skin-Substitute Sticker Shock & the 9th Straight Funding Warning Nobody Plans to Fix
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The 2026 Medicare Trustees Report, Decoded: a 2033 Part A Cliff, a $4.2T Hospital Insurance Hole, GLP-1 & Skin-Substitute Sticker Shock & the 9th Straight Funding Warning Nobody Plans to Fix

The 2026 Medicare Trustees Report is out. Nine pages into the abstract, the number that matters most: a $4.2 trillion unfunded obligation in the hospital fund alone. Here is what shifted this year and why it matters.

Part A depletion moved to Q2 2033, one quarter earlier than last year. At that point, incoming payroll revenue covers 89 cents of every sch…

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