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The Social Security/Medicare Funding Picture in a Nutshell
Quite a bit of rhetoric is surfacing on the media airwaves about the operation and financial stability of America’s primary senior benefit programs, Social Security and Medicare. With much of the commentary dealing with the issue of the insolvency projections looming ahead of these two programs, it’s always good to re-visit the fundamentals, as Bankrate’s Rachel Christian does in a post appearing on AOL.com. Ms. Christian’s post explores the flow of funds into and out of these programs, emphasizing their use of trust funds to manage how contributions are processed and benefits are paid.
Ms. Christian’s post concludes with an analysis of the insolvency problem and provides conjecture on potential changes that could evolve to address the long-term funding problems. Her remarks mirror much of the popular thinking on possible legislative changes, presenting the options most prevalent in media accounts of the insolvency issue. Check out her post here.