Grim Future Predicted for Social Security, Medicare

By: AP
By: AP

WASHINGTON (AP) _ Trustees for the government's two biggest benefit programs are warning that Social Security and Medicare are
facing enormous financial challenges with the threats to Medicare
far more severe.

The trustees on Tuesday issued their once-a-year analysis of the health of the government's two biggest benefit programs. And they said that the resources in the Social Security trust fund will be
depleted by 2041. The reserves in the Medicare trust fund that pays
hospital benefits were projected to be wiped out by 2019.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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