The COVID-19 pandemic borrowing will make SS & Medicare less solvent.
Which party will raise taxes to save SS & Medicare for future generations?
Which party will raise taxes to save SS & Medicare for future generations?
The Future of America’s Entitlements: What You Need to Know About the Medicare and Social Security Trustees Reports - AAF
The Social Security and Medicare Trustees issued their annual reports detailing the financial state of America’s two largest entitlement programs.
www.americanactionforum.org
- Medicare’s Annual Cash Shortfall in 2019 was $396 billion;
- Payroll taxes would have to increase more than 15 percent to pay for Medicare Part A in 2019; and
- Over the next 75 years, Social Security will owe $16.8 trillion more than it is projected to take in.