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Social Security, Medicare face insolvency over 20 years, trustees report Social Security and Medicare run the risk of becoming insolvent over the next two decades, according to a report from the trustees of the two programs. It is expected that Medicare’s hospital-insurance trust fund will have depleted reserves by 2028 or two years earlier than last year's estimates, the report says. Social Security will face the same fate by 2034 and be forced to implement a 21% across-the-board benefit cut if action is not taken by Congress. –The Wall Street Journal

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