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    Thursday, April 25, 2024

    Medicare finances looking more solid

    Medicare's finances are looking brighter, the government said Monday. The program's giant hospital trust fund won't be exhausted until 2030 - four years later than last year's estimate.

    Meanwhile, Social Security's massive retirement program will remain solvent until 2034, officials say, although disability benefits are in more immediate danger.

    The disability trust fund now is projected to run dry in 2016, unless Congress acts. At that point, the program will collect enough payroll taxes to pay only 81 percent of benefits.

    The trustees project a 1.5 percent increase in monthly Social Security payments to beneficiaries for next year.

    - Associated Press

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