News Headlines Article

Social Security, Medicare funds run low faster, fed report says
Sacramento Bee

The troubled economy has shaved a few more years off the life expectancy of Medicare and Social Security, according to a new government report released Friday.

Medicare’s Hospital Insurance Trust Fund – which pays for hospital, home health, skilled nursing and hospice care for the elderly and disabled – will run out of money in 2024. That’s five years earlier than last year’s trustees report projected.