Social Slope

They're going broke:

Medicare’s hospital trust fund will fall short in 2033, when it will only be able to cover 89% of scheduled benefits. This date moved up three years since last year’s report, according to the Medicare Board of Trustees. “As in prior years, we found that the Social Security and Medicare programs both continue to face significant financing issues,” the Treasury Department said Wednesday. Tens of millions of Americans who rely on Social Security due to retirement or disabilities would see cuts to their monthly benefits. If no changes are made, beneficiaries will only receive 81% of their benefits in nine years, the trustees’ report says. “This data underscores the need for lawmakers to take action to support the long-term viability of these programs,” Treasury Secretary Scott Bessent said. “Under President Trump’s whole-of-government initiative, the administration will continue to root out waste, fraud and abuse across federal agencies to ensure quality service for beneficiaries and responsible stewardship of taxpayer funds.”

It has to stop somewhere...