Planning On Being A Senior? Forget It.

Medicare Could Go Broke by 2019

Escalating costs and expanded benefits are pushing Medicare toward insolvency sooner than expected, the government said Tuesday, increasing pressure on the White House and Congress to rein in healthcare spending.

The trust fund that covers hospital benefits for 41 million elderly Americans will run out of money in 2019, seven years earlier than projected a year ago, according to the annual report of Social Security and Medicare trustees.