Social Security and Medicare Funds May Deplete by 2033, Trustees Warn
TL;DR
US Social Security and Medicare programs are projected to run short of funds in 2033, three years earlier than previously estimated for Medicare, due to higher-than-expected hospital expenditures, prompting calls for early legislative action to address financing issues.
- US Social Security, Medicare to run short of funds in 2033, trustees say Reuters
- Social Security Benefits Could Be Cut in 8 Years Unless Congress Acts The New York Times
- Social Security fund could run dry ahead of earlier forecast, trustees say The Washington Post
- Social Security retirement trust fund may be depleted in less than a decade, new trustees' report finds CNBC
- Medicare and Social Security go-broke dates pushed up due to rising health care costs, new SSA law AP News
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