Medicare and Social Security's Cloudy Future
MEDICARE & SOCIAL SECURITY'S CLOUDY FUTURE WILL THEY BE THERE FOR YOU? PREDICTING YOUR FINANCIAL FUTURE IS HARD. MARKETS TANK, RATES GO UP, AND KIDS PLAY 52 CARD PICK UP WITH YOUR TAROTS. THE LAST THING PEOPLE NEED IS UNCERTAINTY FROM THE GOVERNMENT. MANY RELY ON THE PROMISE OF MEDICARE AND SOCIAL SECURITY, BUT OUR "MYSTICAL" FACTS REVEAL THESE GOVERNMENT PROGRAMS ARE ANYTHING BUT GUARAN- TEED. WHAT DOES THE FUTURE HOLD FOR MEDICARE AND SOCIAL SECURITY? LOOK INTO OUR FACTS AND FIND OUT. A COUNTRY OF CLAIRVOYANTS CONDITIONS ARE RIGHT THOSE WHO ARE LESS THAN CONFIDENT MEDICARE AND SOCIAL SECURITY WILL BE ENQUGH To HELP COVER EXPENSES. THOSE WHO DOUBT MEDICARE COMPOUND ANNUAL GROWTH RATE OF THE FEDERAL BUDGET AND SOCIAL SECURITY WILL vs. SOCIAL SECURITY AND MEDICARE COSTS, 2012-2022 BE THERE WHEN THEY RETIRE * 46% SOCIAL SECURITY * 70% SOCIAL SECURITY MEDICARE COSTS 7.10% SOCIAL SECURITY COSTS 6.16% 42% MEDICARE * 68% MEDICARE FEDERAL BUDGET 4.74% THE FUTURE IS BLEAK WITHOUT REFORM, THE MEDICARE AND SOCIAL SECURITY TRUST FUNDS ARE ON TRACK TO BE DEPLETED. IF THAT WERE TO HAPPEN: 87% $ THE MEDICARE HOSPITAL INSURANCE TRUST FUND WOULD ONLY PAY 87% OF CLAIMS BY 2026 80% THE SOCIAL SECURITY DISABILITY INSURANCE TRUST FUND WOULD ONLY $(77% $ PAY 80% OF BENEFITS BY 2016 THE COMBINED SOCIAL SECURITY OLD-AGE, SURVIVORS, AND DISABILITY INSURANCE TRUST FUNDS WOULD ONLY PAY 77% OF BENEFITS BY 2033 PUBLIC NOTICE research & education fund SOURCES: "Bloomberg News National Poll," Bloombere. 6/5/13; "The 2013 OASDI Trustees Report," OASDI Trustees, 5/31/13; "The 2013 Medicare Trustees Report," CMS, 5/31/13; "Updated Budget Projections: Fiscal Years 2013 To 2023," CBO, 5/14/13
Medicare and Social Security's Cloudy Future
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