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.

A slowdown in healthcare spending has shored up the funding outlook for the federal program that pays elderly Americans’ hospital bills, trustees of the program said on Wednesday. The Medicare program’s trust fund for hospital care will run out of money in 2030 the trustees said in a report. That was the same year as […]