News Headlines Article

Medicare financial outlook improves, but problems still loom
Los Angeles Times

The federal government projected Friday that Medicare’s main trust fund would not run in the red until 2026, two years later than projected last year, in part because of slower growth in healthcare costs.

Prospects for the Social Security retirement program, meanwhile, remain largely unchanged from last year. The program’s main trust fund, which provides assistance to about 46 million retirees and their relatives, will be unable to pay full benefits starting in 2035, according to an annual report from the board of trustees that oversees the nation’s major entitlement programs.