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Trustees Reports Show Social Security Shortfall Manageable, Medicare’s Problems More Daunting

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Publication Date: April 2008

Publisher(s): Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Paul N. Van de Water

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Banking and finance (Public finance)

Keywords: Economic projections; Fiscal future; Federal budget; Health insurance

Type: Report

Abstract:

The annual reports of the Social Security and Medicare trustees project the financial status of these two programs for the next 75 years.  The new reports confirm that policymakers will need to take action to keep Social Security and Medicare on a sound financial footing.