rain
Wednesday May 27th, 2015 3:54AM

Medicare hospital fund to last 4 years longer

By The Associated Press
WASHINGTON (AP) -- The government says Medicare's finances have improved. The program's hospital trust fund won't be exhausted until 2030 - four years later than last year's estimate.<br /> <br /> Social Security's massive retirement program will remain solvent until 2034, although disability benefits are in more immediate danger.<br /> <br /> The disability trust fund is now projected to run dry in 2016. At that point, the program will collect enough taxes to pay 81 percent of benefits.<br /> <br /> The trustees who oversee Social Security and Medicare issued their annual report Monday on the financial health of the government's largest benefit programs.<br /> <br /> In 2030, when the hospital trust fund is projected to be depleted, Medicare will collect enough payroll taxes to pay 85 percent of benefits.<br /> <br /> Medicare's improved finances are largely due to a slowdown in health care spending.
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