Medicare and Social Security go-broke dates pushed up due to rising health care costs, new SSA law -
💨 Abstract
The annual report on Medicare and Social Security trust funds shows that their funding depletion dates have moved up due to rising health care costs and new legislation. Medicare's hospital insurance fund is now projected to be depleted by 2033, a year earlier than last year's projection, while Social Security will be unable to pay full benefits beginning in 2034.
Courtesy: WTOP Staff
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