Medicare trust fund will be exhausted in 2026, three years earlier than expected
New depletion date is blamed on lower payroll taxes, less revenue from taxing Social Security benefits and higher-than-expected spending.
The main trust fund behind Medicare, the U.S. health-care program for the elderly and disabled, will be exhausted in 2026, three years earlier than was projected a year ago, the government said Tuesday.
Medicare's Board of Trustees blamed the earlier depletion forecast on lower payroll taxes in 201
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