Report: Medicare, Social Security Inching Toward Insolvency

Monday, 28 Jul 2014 12:49 PM

By Bill Hoffmann

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
A new report prepared for Medicare and Social Security says both programs are headed for bankruptcy, but not immediately.

The Hill reports that Medicare will not go belly up until 2030, while Social Security funds will tap out by 2033.

The report, obtained by The Hill, was released by the trustees for Medicare and Social Security.

It says Medicare's financial struggles have been slowed by four years following a drop in healthcare spending.

Estimates for the Social Security program's retirement and disability pools running dry remain the same, according to The Hill.

The website reports that the disability trust fund managed by Social Security is in the most dire position of all. It is due to deplete itself in just two years.


Related Stories:



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

ESPN: NFL's Ravens Knew About Rice Video Within Hours

Friday, 19 Sep 2014 22:03 PM

The Baltimore Ravens knew about the video of star running back Ray Rice knocking out his then-girlfriend in an elevator  . . .

Blogger to Put Anti-Islam Posters on NYC Buses, Subway

Friday, 19 Sep 2014 22:22 PM

A New York blogger is putting up ads next week on 100 city buses and at two subway entrances featuring anti-Islamic mess . . .

Biden Praises Disgraced Packwood at DNC Women's Event

Friday, 19 Sep 2014 21:13 PM

In a speech on Friday celebrating women's leadership for the Democratic National Committee, Vice President Joe Biden pra . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved