If current spending trends continue, Medicare will be insolvent by 2028, according to the Medicare Trustees Report released Wednesday.
By the end of this decade, both Medicare and Social Security will be doling out more in benefits than they receive in taxes.
The new report projects that Medicare will run out of money two years sooner than it had projected last year. The more pessimistic estimate is a result of changes in anticipated incomes.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
