The federal government says the outlook for Medicare funds has improved over the last year.
Instead of running out of money in 2026, it’s now estimated the system’s hospital trust fund won’t be exhausted until 2030. In addition, Social Security is expected to remain solvent until 2034. Social Security’s finances are relatively unchanged from a year ago. Medicare’s improved finances are largely due to a continuing slowdown in health care spending, the report said.
The trustees who oversee Social Security and Medicare issued their annual report July 28 on the financial health of the government’s two largest benefit programs.