Every year the Social Security and Medicare Boards of Trustees issue reports on the fiscal health of these essential programs. The 2018 reports not only confirmed that Social Security continues to face significant fiscal challenges but also indicated that the outlook for Medicare has worsened since last year.
The reports found that:
“Social Security and Medicare are essential health and retirement security programs that are relied upon by millions of Americans,” Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation, said in a statement on the Trustees report. “Lawmakers have an obligation to reform and strengthen them for the long term.”