clear
Tuesday August 4th, 2015 3:54PM

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.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 7 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 7 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 7 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 7 months ago )
Business News
Alabama man dies following crash at Road Atlanta
Hall County authorities said an Alabama man died at an area hospital following a high-speed crash at the Road Atlanta race facility Sunday afternoon.
1:40PM ( 2 hours ago )
WalletHub: Ga students among worst for student loan debt
A new study puts Georgia college students among the worst in the country when it comes to the amount of student loan debt they've accrued.
By accessWDUN staff
1:06PM ( 2 hours ago )
Tenn. officials change policy on ropes courses following death of Cumming man
Following the death of a man from Forsyth County, Georgia, Tennessee officials say companies that design or build ropes courses will no longer be allowed to conduct inspections to verify their safety.
12:34PM ( 3 hours ago )
VIDEO: Man on the Street: What do falling gas prices mean for you?
For this week's Man on the Street feature, WDUN's Russell Brown asked North Georgia residents how declining gas prices impact their financial decisions.
12:33PM ( 3 hours ago )
Gainesville School Board begins work on SPLOST V wish list
Gainesville City School Board members started the discussion Monday night on which projects would be on their wish list for an upcoming education SPLOST referendum.
11:10AM ( 4 hours ago )