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Medicare, Social Security head toward insolvency, at slower rate
Social Security and Medicare are marching steadily toward insolvency, according to a report released Monday by the trustees for the two entitlement programs. While the report found some improvement for Medicare, which will now be able to meet its obligations until 2030, four years later than projected a year ago, the overall message continued to paint a dire long-term picture for the two programs. Both will come under more strain amid a flood of retirees in the coming years, the trustees said. And the pressure will grow as Washington’s attention has turned away from any debate over changing the programs…Read More
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