Medicare and Social Security go
WASHINGTON (AP) — The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday.
Still, officials warn that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.
Medicare’s go-broke date for its hospital insurance trust fund was pushed back five years to 2036 in the latest report, thanks in part to higher payroll tax income and lower-than-projected expenses from last year. Medicare is the federal government’s health insurance program that covers people age 65 and older and those with severe disabilities or illnesses. It covered more than 66 million people last year, with most being 65 and older.
Once the fund’s reserves become depleted, Medicare would be able to cover only 89% of costs for patients’ hospital visits, hospice care and nursing home stays or home health care that follow hospital visits.
Related articles
Instacart partners with Uber Eats to offer restaurant deliveries
Grocery delivery company Instacart is partnering with Uber Eats to offer a new perk to its customers2024-05-08Helping Ewenki People Escape Poverty by Developing Tourism
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-08In pics: torch relay of 4th Asian Para Games in Hangzhou
(Xinhua) 08:32, October 20, 2023Torch bearer Zheng Longhua takes part in the torch relay of the 4th2024-05-08Engineer Plays Vital Role Building Padma Bridge in Bangladesh
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-08How to drastically slash your odds of getting Alzheimer's
Alzheimer's affects the lives of millions of people worldwide, but scientists are now starting to un2024-05-08Premier League to introduce semi
The Premier League announced on Friday that it will introduce a semi-automated system to decide on t2024-05-08
atest comment