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Medicare and Social Security go-broke dates pushed up due to rising health care costs, new SSA law

The go-broke date is the date at which the programs would no longer have funds to pay full benefits. Lawmakers have repeatedly kicked Social Security and Medicare’s troubling math to the next generation.

FILE – A Social Security card is displayed on Oct. 12, 2021, in Tigard, Ore. The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have contributed to closer projected depletion dates. That’s according to an annual report released Wednesday. (AP Photo/Jenny Kane, File)
FILE – A Social Security card is displayed on Oct. 12, 2021, in Tigard, Ore. The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new legislation affecting Social Security benefits have contributed to closer projected depletion dates. That’s according to an annual report released Wednesday. (AP Photo/Jenny Kane, File)
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Lawmakers have repeatedly kicked the problem to the next generation.

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