Medicare Stronger, Social Security Worse in Short Run, Report Finds

nytimes.com — Medicare will remain financially solvent for 12 additional years, until 2029, because of the cost-cutting measures in President Obama’s recently enacted health care legislation, the program’s trustees projected on Thursday.

The financial outlook for Social Security is “little changed from last year,” the report said. In the short run, it added, the financial condition of the retirement program has worsened because of high unemployment, which has reduced payroll tax revenues. For the first time, money flowing out of the program this year exceeds money flowing in.

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