Medicare isn’t as broken as it sounds

Crunch time for Medicare is just five years away, according to the latest annual report from the trustees who oversee the program. The trustees say the popular health care program for seniors will begin to run short of money in 2026, the same doom date as in last year’s report. The COVID pandemic and its effect on the economy represent an “unprecedented level of uncertainty,” however, and the funding shortfall could arrive sooner, the report found.

Social Security is in slightly better shape, with enough funding to stay solvent through 2033. But that’s one year sooner than last year’s

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