Poor economy worsens Social Security's finances | Comcast The government says a bad economy and higher energy prices have worsened the finances of Social Security, shortening the life of the trust funds that support the program by three years. The trustees who oversee Social Security say the program's trust funds will now run dry in 2033. Medicare's finances have stabilized but the program's hospital insurance fund is still projected to run out of money in 2024. Medicare is in worse shape than Social Security because of rising health care costs. But both programs are on a path to become insolvent in the coming decades. Good news seems to never end.