Few in Congress Want to Act on Medicare, Social Security Financial Ills

Published Apr 29, 2019. By Jack Torry and Katie Byard.

The report by the Social Security and Medicare trustees shows that if Congress does nothing, retirees will, by 2035, receive only 77 percent of their promised Social Security benefits. And by 2026, Medicare’s hospitalization program will be able to afford only 89 percent of payments promised to hospitals. 

“It’s a certain inevitability, much like an avalanche gaining strength and rolling downhill,” said Robert Bixby, executive director of the Concord Coalition, a nonpartisan Washington organization that pushes for balanced budgets.