Government Borrowing - McKnight's Long Term Care News

Government Borrowing

Sen. Mitch McConnell (R-KY)

Medicare fund will be depleted by 2024, report finds

The annual Medicare Trustees report found that under current conditions, the Medicare hospital insurance trust fund will be exhausted by 2024, largely due to the bad economy. The same report, which was released Friday, projected that the Social Security trust fund also will be depleted by 2036, a year sooner than what was predicted last year.

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