Alva Review-Courier -

Social Security and Medicare funds at risk even before virus

 

April 23, 2020



WASHINGTON (AP) — The financial condition of the government's two biggest benefit programs remains shaky, with Medicare expected to become insolvent in just six years, while Social Security will be unable to pay full benefits starting in 2035, the government said Wednesday.

And that's before factoring what officials acknowledge will be a substantial hit to both programs from the coronavirus pandemic, which has shut down large parts of the U.S. economy and put millions of people out of work.

The depletion dates, which remained unchanged from last year's estimates, were revealed Wednesday w...



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