Chuck Blahous and Robert Reischauer, the two independent trustees of the Social Security and Medicare Trust Fund, had a sober warning Friday: act quickly or the nation's two most popular entitlements are in serious danger.
“The earlier we act to deal with these problems, the better off we're gonna be, certainly better off the vulnerable populations are gonna be,” said Blahous, referring to low-income seniors and those already receiving benefits.
The Medicare hospital trust fund will be unable to pay promised benefits in 2024, five years earlier than previously thought.
1 comment:
The medicare drug benefit has no added taxes collected to pay for the benefits. Every time someone uses this benefit it adds to the debt of medicare.
Why has no one, at least, proposed a tax to cover this drain?
Democrat or Republican no one has a proposal to stop this hemorrhage of money.
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