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Rising costs and an aging population mean Medicare is in danger of running short of funds in about eight years, trustees ...
The Medicare and Social Security trust funds are lurching toward insolvency. Social Security is projected to cover only 81% of benefits by 2034 and Medicare just 89% by 2033. June 17 ...
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The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new ...
After 2034, Social Security would only have enough funds to cover 81% of benefits. After 2033, Medicare’s hospital insurance trust fund would only be able to pay 89% of costs. Must-Reads from ...
Medicare and Social Security go-broke dates pushed up due to rising health care costs, new SSA law The go-broke date is the date at which the programs would no longer have funds to pay full ...
Higher health care costs and a law Congress passed last year to boost retirement benefits for public sector workers worsened the long-term outlook of Social Security and Medicare trust funds ...
Meanwhile, Social Security's trust funds — which cover old age and disability recipients — will be unable to pay full benefits beginning in 2034, instead of last year's estimate of 2035.
Instead, Social Security beneficiaries would see a cut of between 19% to 23% to their benefits, the report said. The current average Social Security benefit for a retiree stands at $1,976, ...
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