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Medicare insolvency date moved up by three years to 2026

WASHINGTON — Medicare will run out of money sooner than expected, and Social Security's financial problems can't be ignored either, the government said Tuesday in a sobering checkup on programs vital to the middle class.

The report from program trustees says Medicare will become insolvent in 2026 — three years earlier than previously forecast. Its giant trust fund for inpatient care won't be able to fully cover projected medical bills starting at that point.

http://www.startribune.com/trustees-warn-medicare-s-financial-problems-worsening/484610241/

 

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