Social Security And Medicare Collapse On Horizon, But Farther Off

Brostoff, Steven
May 1998
National Underwriter / Life & Health Financial Services;5/4/98, Vol. 102 Issue 18, p3
This article focuses on a new report by the Social Security and Medicare Boards of Trustees, which states that according to current projections, the Medicare program will remain solvent until the year 2008. The Trustees report noted that the 1997 Balanced Budget Act made certain structural changes in Medicare and reduced some Medicare expenditures enough to extend the program's solvency. Similarly, the Trustees report said the solvency of Social Security has been extended for three years, with the program now expected to become bankrupt in the year 2039 absent major reforms.


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