HEALTH AND SOCIAL SECURITY

HEALTH AND SOCIAL SECURITY
U.S. "Medicare Funding Warning"

The Hospital Insurance (HI) Trust Fund (Medicare) is expected to become insolvent by 2019; The Social Security trust fund, by 2041.

Treasury Secretary Henry M. Paulson, Jr. Statement on the 2007 Social Security and Medicare Trust Fund Reports: " . . . to make the system whole on a permanent basis, the combined payroll tax rate would have to be raised immediately by about one-third from 12.4 percent to about 15.9 percent, or benefits reduced immediately by 22 percent."


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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