Saturday

The Medicare Trust Fund Moving Target

I'm not on Medicare yet, and apparently it now has a couple more years to run than when its demise was last calculated - the Feds say it will run out of it's cash reserves in 2026, with Social Security following in 2033. Baby boomers are to blame of course; there are too many of us, and we are just not dying off quickly enough. How inconsiderate. 
Depletion of the reserves in the giant trust funds would not end the benefit programs but would trigger sharp reductions in benefits. For Social Security, retirees would continue to receive about 75 percent of benefits once the Social Security trust fund was exhausted in 2033. For the Medicare hospital trust fund, the depletion of that fund in 2026 would mean a cut in benefits to about 87 percent of the full level.
CBS DC

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