Medicare’s hospital insurance fund will be depleted in 2026, as previously forecast, and Social Security program costs are likely to exceed total income in 2020 for the first time since 1982, according to a government report.
The U.S. government’s healthcare program for the elderly will exhaust its reserves for hospital insurance in 2026, three years earlier than the 2017 forecast, the Social Security and Medicare Boards of Trustees said in a report.