|
|
Article: MEDICARE, SOCIAL SECURITY GET NEW LIFESPANS NEW FINANCIAL ESTIMATES EXTEND SOLVENCY.(News)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- March 31, 1999
CopyrightCOPYRIGHT 1999 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Relieving some of the political pressure for reform, the government yesterday released new estimates extending the date at which Medicare can be expected to run out of money by seven years and Social Security insolvency by two years.
The improved financial position of the Medicare and Social Security trust funds is largely the result of the strong economy over the past year, the trustees of the funds said in their annual report.
Based on the latest long-range estimates of factors such as national economic growth, worker productivity, inflation, unemployment, immigration and birth rates and retirement patterns, the trustees still expect the government's ...