Small Business Resources, Business Advice and Forms from AllBusiness.com

Saint Paul Pioneer Press, Minn., Real World Economics Column.

By Edward Lotterman, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News

Mar. 25--Trustees of the Social Security funds released their newest annual report Tuesday announcing that benefits paid out of the Medicare Trust Fund will exceed taxes paid beginning this year. All the money held in this trust fund will be exhausted by 2019.

Annual revenues under the Old Age, Survivors and Disability rubrics of Social Security are projected to exceed annual disbursements until 2018 and accumulated trust funds for these programs won't be gone until

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • The Ins and Outs of Medicare
    • Medicare continues as the national health insurance program designed to provide health care for people 65 and over as well as many individuals who are disabled.
  • Quick Hits: Top News Stories of the Month
    • Financial Status of Medicare Serious: Trustees In their annual report, the Medicare trustees announced on March 25 that both the Medicare hospital trust fund and the supplementary medical insurance trust fund expenditures are growing faster than the rest of the economy. Expenditures were $482 billion in 2007, or 3.2 percent ......
  • Medicare: Financial Challenges and Considerations for Reform.
    • GAO-03-577T April 10, 2003 We are pleased to be here today as Congress examines Medicare's financial health and consider the budgetary and economic challenges presented by an aging society. The Comptroller General has been particularly attentive to the sustainability challenges faced by the nation's two largest entitlement programs--Medicare and Social ......
  • Medicare's financial outlook worse than previously predicted
    • Medicare is unsustainable and its financial outlook is much bleaker, U.S. Comptroller General David M. Walker, head of the General Accounting Office, told the House Committee on the Budget in July. Although the short-term outlook for Medicare's Hospital Insurance (HI) trust fund improved somewhat in the past year, the long-term......
  • Summary of the 2000 annual Social Security and Medicare trust fund reports
    • HEADNOTE This document is a summary of the 2000 Annual Reports. The reports describe the funds' current and projected financial condition, within the next 10 years (the short term) and over the next 75 years (the long term). A Message to the Public Each year we, the Trustees of the ......
  • Medicare hospital insurance solvency looks good only short-term
    • The Medicare trustees recently delivered their annual reports on the fiscal health of the Medicare trust funds, finding that long-- term trends are leading toward a much larger gap than previously projected between revenues and spending for Medicare. While near-term solvency of the hospital insurance (HI) trust fund gained 4 ......
  • Medicare Hospital Insurance Solvency Looks Good Only Short-Term.
    • The Medicare trustees recently delivered their annual reports on the fiscal health of the Medicare trust funds, finding that longterm trends are leading toward a much larger gap than previously projected between revenues and spending for Medicare. While near-term solvency of the hospital insurance (HI) trust fund gained 4 years ......

Forms

Blogs

  • Health care spend growth slows
    • Health care spending growth in the United States slowed for the third consecutive year in 2005, increasing 6.9 percent compared to 7.2 percent growth in 2004 and 8.1 percent in 2003, the Centers for Medicare & Medicaid services (CMS) reported today. The findings can be found in a report by ......
  • More on healthcare costs - the CMS press release has more details
    • Here is the press release for the study on health care costs from CMS, also published in Health Affairs today, This is also a "need to know" article.
  • US Healthcare costs may hit $4 trillion in 10 years
    • Bethesda, MD -- Over the next decade, U.S. health care spending is expected to double from today´s level, reaching $4.1 trillion and consuming almost twenty cents of every dollar spent, federal forecasters report in an article published today as a Health Affairs Web Exclusive. Health spending in 2006 is projected ......
  • Deductions for Costs of Health Care: Part 2 - Self Employed
    • Yesterday I wrote about Esther, who earns $89,000 as an employee of Sweet Mountain Magic, Inc. When Esther gets her W-2 at the end of the year, her reported salary is $83,000 instead of $89,000, because $6000 of her earnings went to pay for medical insurance. When Esther prepares her ......
  • All Bloggers
Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.