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Recession Drains Social Security and Medicare

May. 12, 2009
The Medicare hospital insurance trust fund may be depleted by 2017 and Social Security reserves gone by 2037, a new report from trustees says.
Related Stories from UPI.com

Social Security costs rising

WASHINGTON, May 12 (UPI) -- The annual cost of Social Security benefits is projected to increase through 2034, a U.S. government report said Tuesday.
Report: Medicare faces cash crunch

Report: Medicare faces cash crunch

WASHINGTON, May 12 (UPI) -- A U.S. government report by the trustees who monitor Medicare and Social Security predicts the Medicare trust fund will run out of money by 2016.

Baby boomers confused about Medicare

KANSAS CITY, Mo., Feb. 27 (UPI) -- A survey of U.S. baby boomers found most confused about Medicare age eligibility and what is covered under the federal health plan.

Seniors sold expensive health plans

WASHINGTON, May 7 (UPI) -- Investigators across the United States are looking into charges that insurance companies are pushing seniors into expensive, fee-for-service health plans.

GAO: Medicare becoming bankrupt

WASHINGTON, Dec. 20 (UPI) -- Experts say Medicare, the government provider of health insurance for 41 million elderly and disabled U.S. citizens, is nearing a crisis.

Insurance magnate Stone dies at 100

EVANSTON, Ill., Sept. 4 (UPI) -- Insurance magnate W. Clement Stone, who turned a $100 stake and a positive mental attitude into a $2 billion insurance empire has died. He was 100. Stone died o
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler