Unbiased Analysis of Today's Healthcare Issues

Medicare trust fund to be tapped out by 2017

Written By: Jason Shafrin - May• 12•09

Bond Markets seem to be concerned over the escalating level of U.S. Government debt.  Yields rose during the latest $14 billion auction of U.S. 30-year Treasury Bonds.  This graph shows an ominous budget deficit trend as well.  There seems to be good reason for this.  

American’s stimulus plan and entitlement programs are putting an increasing burden on American tax payers.  With the recession taking a toll on tax revenues, Social Security and Medicare funding is increasing jeopardy.  CNN reports that the “Social Security trust fund will be exhausted by 2037 — four years earlier than estimated last year… The recession also hit Medicare. The Medicare trust fund is forecast to be tapped out by 2017, or 2 years earlier than the trustees’ estimate last year.”

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One Comment

  1. […] and raise national saving.  The first part is certainly true while the second is not.  The Medicare Trust Fund is will run out of funds in less than ten years.  As the baby boomers continue to progress into retirement, the promised health care benefits will […]

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