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Social Security and Medicare at Breaking Point | Annapolis News
Social Security’s trust fund could hit zero by Q4 2032, forcing 22% benefit cuts unless Congress acts—while Medicare’s hospital insurance fund may cover only 89% of costs by 2033 without intervention. Political gridlock has delayed solutions for years, but new senators entering office just as these shortfalls loom add urgency. Experts warn that delaying fixes will make them costlier and more complex, requiring a mix of reforms like raising the payroll tax cap. A long-stalled commission to study the issue might finally gain traction—but bipartisan agreement remains the biggest obstacle. Listen…
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