Medicare and Social Security go
WASHINGTON (AP) — The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday.
Still, officials warn that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.
Medicare’s go-broke date for its hospital insurance trust fund was pushed back five years to 2036 in the latest report, thanks in part to higher payroll tax income and lower-than-projected expenses from last year. Medicare is the federal government’s health insurance program that covers people age 65 and older and those with severe disabilities or illnesses. It covered more than 66 million people last year, with most being 65 and older.
Once the fund’s reserves become depleted, Medicare would be able to cover only 89% of costs for patients’ hospital visits, hospice care and nursing home stays or home health care that follow hospital visits.
Related articles
Greg Norman and Phil Mickelson make for an interesting week on LIV Golf
LIV Golf had another active week before and after Brooks Koepka won in Singapore for his first title2024-05-08BFA: Accelerating regional cooperation
By Hannan Hussain (China.org.cn) 16:51, April 03, 2024A logo is seen at the opening ceremony of the2024-05-08Commentary: Money rules in American elections
(Xinhua) 10:29, April 10, 2024BEIJING, April 9 (Xinhua) -- Former U.S. President Donald Trump, who h2024-05-08Desert county in NW China's Xinjiang experiences bountiful cistanche harvest
(People's Daily Online) 10:14, April 11, 2024Qiemo county in northwest China's Xinjiang Uygur Autono2024-05-08Scientists are learning the basic building blocks of sperm whale language after years of effort
ROSEAU, Dominica (AP) — Scientists studying the sperm whales that live around the Caribbean island o2024-05-08Xi Focus: Xi Jinping meets Ma Ying
Xi Jinping, general secretary of the Communist Party of China Central Committee, meets with Ma Ying-2024-05-08
atest comment