Apr 17
3 Ways to Save Social Security and Medicare By John Manganaro - ThinkAdvisor
The recently released Social Security and Medicare trustees report shows in no uncertain terms that both programs are fiscally unsustainable as currently structured, with the main trust fund used to support the payment of retirement benefits on track to be depleted by the mid-2030s.
Despite what’s often assumed, Americans’ federal retirement income benefits won’t disappear at that time, but they will be subject to a cut in the realm of 25%. Unless congressional action is taken to shore up both programs, anticipated reductions in Medicare reimbursements going to hospitals and doctors offices could cause the price of health care to spike for seniors.
