Medicare, Social Security funds expiring sooner, U.S. says
Source
http://www.bloomberg.com/news/2011-05-13/medicare-financing-to-run-out-in-2024-without-fix.html#
Date
Media Outlet
Bloomberg
American Academy of Actuaries Senior Health Fellow Cori Uccello discussed the 2011 Medicare Trustees Report. Uccello said that the trustees determined that for Medicare to stay solvent for the next 75 years, it would have to immediately raise payroll taxes by 24 percent, or cut current benefit payments by 17 percent.
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