Medicare Will Be Insolvent In 2026, Sooner Than Expected; Social Security To Follow In 2034

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Title : Medicare Will Be Insolvent In 2026, Sooner Than Expected; Social Security To Follow In 2034
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news-today.world | Medicare's trust fund has just eight more years of solvency until 2026, and Social Security will be exhausted in 2034, according toThursday projections by the trustees for the government programs.

While Social Security's expected depletion is unchanged from last year's projection, the date for Medicare's demise was moved up three years.

Social Security is made up of several funds; the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) are combined for the designation OASDI, while Medicare's Hospital Insurance trust fund is designated HI.

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