CQ.com: Latest Projections Show a Bit Brighter Outlook for Social Security, Medicare

Excerpt:
"The trustees for Social Security and Medicare issued their annual report this afternoon, providing the latest assessment of the looming financial crunch for the two giant entitlement programs.

The new report shows both trust funds in slightly better shape than last year’s report, with Medicare’s trust fund for hospital coverage now likely to be exhausted by 2019, one year later than last year’s estimate.

The trustees projected that Social Security’s trust funds — from which retirement and disability benefits are distributed — would be exhausted in 2041, also a year later than projected in 2006."

http://public.cq.com/docs/cqm/cqmidday110-000002495594.html

Alex

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