( March 13, 2026, 12:04 PM EDT) -- WASHINGTON, D.C. — In a regular blog post update to Congress regarding projections of the financial position of the Hospital Insurance (HI) Trust Fund, the Congressional Budget Office (CBO) announced that the balance of the HI trust fund, which is used to pay for Medicare Part A benefits, will be “exhausted in 2040,” due in part to decreased revenues from taxing Social Security benefits caused by the changes implemented by the 2025 Reconciliation Act (Public Law 119-21), described by the Internal Revenue Service as the “One, Big, Beautiful Bill Act.”...