Statements of Changes in Social Insurance Amounts
(In trillions of dollars) | Social Security1 | Medicare HI1 | Medicare SMI1, 3 | Other2 | Total | |
|---|---|---|---|---|---|---|
| NPV of future revenue less future expenditures for current and future participants (open group) over the next 75 years, beginning of the year | (25.4) | (2.6) | (50.2) | (0.1) | (78.3) | |
| Reasons for changes in the NPV during the year: | ||||||
| Changes in valuation period | (0.8) | (0.1) | (1.7) | - | (2.6) | |
| Changes in demographic data, assumptions, and methods | (0.1) | 0.3 | 0.8 | - | 1.0 | |
| Changes in economic data, assumptions, and methods | (0.3) | - | - | - | (0.3) | |
| Changes in law or policy | (1.1) | - | - | - | (1.1) | |
| Changes in methodology and programmatic data | (0.2) | - | - | - | (0.2) | |
| Changes in economic and health care assumptions | - | (0.3) | (4.5) | - | (4.8) | |
| Change in projection base | - | (0.6) | (1.5) | - | (2.1) | |
| Net change in open group measure | (2.5) | (0.7) | (6.9) | - | (10.1) | |
| Open group measure, end of year | (27.9) | (3.3) | (57.1) | (0.1) | (88.4) | |
| 1 Amounts represent changes between valuation dates 1/1/2024 and 1/1/2025. 2 Includes Railroad Retirement changes between valuation dates 10/1/2023 and 10/1/2024 and Black Lung changes between 9/30/2024 and 9/30/2025. 3 Amounts shown exclude General Fund transfers reported by CMS for Medicare's Parts B and D. | ||||||
| The accompanying notes are an integral part of these financial statements. | ||||||
(In trillions of dollars) | Social Security1 | Medicare HI1 | Medicare SMI1, 3 | Other2 | Total | |
|---|---|---|---|---|---|---|
| NPV of future revenue less future expenditures for current and future participants (open group) over the next 75 years, beginning of the year | (25.2) | (4.6) | (48.5) | (0.1) | (78.4) | |
| Reasons for changes in the NPV during the year: | ||||||
| Changes in valuation period | (0.8) | (0.1) | (1.4) | - | (2.3) | |
| Changes in demographic data, assumptions, and methods | (1.2) | (0.7) | (0.4) | - | (2.3) | |
| Changes in economic data, assumptions, and methods | 0.4 | - | - | - | 0.4 | |
| Changes in law or policy | - | - | - | - | - | |
| Changes in methodology and programmatic data | 1.4 | - | - | - | 1.4 | |
| Changes in economic and health care assumptions | - | 2.1 | 0.6 | - | 2.7 | |
| Change in projection base | - | 0.7 | (0.5) | - | 0.2 | |
| Net change in open group measure | (0.2) | 2.0 | (1.7) | - | 0.1 | |
| Open group measure, end of year | (25.4) | (2.6) | (50.2) | (0.1) | (78.3) | |
| 1 Amounts represent changes between valuation dates 1/1/2023 and 1/1/2024. 2 Includes Railroad Retirement changes between valuation dates 10/1/2022 and 10/1/2023 and Black Lung changes between 9/30/2023 and 9/30/2024. 3 Amounts shown exclude General Fund transfers reported by CMS for Medicare's Parts B and D. | ||||||
| The accompanying notes are an integral part of these financial statements. | ||||||