Medicare Collapsing Slightly Less Quickly
The conveyer belt to insolvency slows down just a bit.
Social Security and Medicare are marching steadily toward bankruptcy though Medicare's finances improved over the last year, according to a report released Monday by the trustees for the two entitlement programs.
Medicare will avoid insolvency until 2030, the program's trustees said, a longer projected life span fueled by drops in healthcare spending.
The latest projections push the life of the Medicare trust fund back four years later than a year ago.
But the trustees for both Medicare and Social Security also continue to paint a dire long-term picture for programs that will come under more strain, when it faces a flood of retirees in the coming years.
