Tuesday, April 24, 2012

New Social Security and Medicare Trustees Reports

I haven't read the new Social Security and Medicare reports, but apparently they aren't good news.  SS will be completely broke by 2033, 3 years earlier than previously projected.  It's hard to know exactly when the system will break, but the trend is not positive.

Medicare projected expenditures (pg 209):
2013 598
2014 631
2015 663
2016 704
2017 752
2018 806
2019 865
2020 933
2021 1005

Social Security projected expenditures (pg. 51, intermediate):
2013 832
2014 881
2015 933
2016 988
2017 1048
2018 1115
2019 1187
2020 1266
2021 1350

Medicaid projected expenditures (pg. 31):
2013 282
2014 341
2015 376
2016 408
2017 437
2018 465
2019 498
2020 531

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