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Sat Dec 8, 2012, 11:24 AM

 

Medicare is directly connected to the deficit. 40% of its funding is the general fund. [View all]

http://www.kff.org/medicare/upload/7305-07.pdf

Medicare is funded primarily from three sources: general revenues (40%), payroll tax contributions (38%), and beneficiary premiums (13%) (Figure 3):
 Part A is financed primarily through a 2.9% tax on earnings paid by employers and employees (1.45% each) (accounting for 86% of Part A revenue). For higher-income taxpayers (more than $200,000/individual and $250,000/couple), the payroll tax on earnings increases by 0.9 percentage points, from 1.45% to 2.35%, in 2013.

Part B is financed through general revenues (72%), beneficiary premiums (25%), and interest and other sources (3%). Beneficiaries with annual incomes over $85,000/individual or $170,000/couple pay a higher, income-related Part B premium reflecting a larger share of total Part B spending, ranging from 35% to 80%; the ACA froze the income thresholds through 2019, which is expected to increase the share of beneficiaries paying the higher Part B premium.

Part D is financed through general revenues (74%), beneficiary premiums (13%), and state payments for dual eligibles (13%). Similar to Part B, enrollees with higher incomes pay a larger share of the cost of Part D coverage.

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