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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> payroll tax

Medicare to run short by 2024

Posted by RJ and Makay on Jun 01, 2011

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The finances of Medicare and Social Security are worsening faster than expected, according to a new government report.  Medicare will lack sufficient funds to pay full benefits in 2024, five years sooner than earlier government projections.  Social Security will run short of the ability to pay full benefits in 2036, a year earlier than expected in the government’s 2010 projection.