The Nation

May 13, 2011 3:43 PM by Greg Boyce

Social Security and Medicare situation gets worse

WASHINGTON (AP) - Social Security and Medicare aren't looking as healthy in their latest checkup. The government says the Medicare hospital insurance fund will now be exhausted in 2024 -- five years earlier than in last year's estimate. And the Social Security trust fund will be empty in 2036. That's a year earlier than in the last prediction.

The bad economy gets the blame. Trustees say it shows the need for Congress to make changes to the programs.


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