Friday, May 31, 2019

Medicare/Social Security 2019 Trustee Reports Released

On April 22, 2019, the Center for Medicare Services released its annual Medicare Trustees Report, which projects Medicare spending out to 2093.  As in the past, the report shows that federal health-care programs will eat the budget.

In previous reports the Trustees forecast that Medicare would top out at about 6 percent of GDP around 2040. In the 2019 Report the Trustees predict no end in sight, with Medicare blowing through 9 percent of GDP in the 2090s.

On May 31, 2019, usgovernmentspending.com updated its chart of the Medicare Outlook here based on data in the 2019 Medicare Trustees Report.  You can download the data and also view selected Medicare Trustee forecasts going back to 2005.

On April 25, 2019, the Social Security Administration released its annual OASDI Trustees Report, which projects Social Security spending out to 2090.  As in the past, the report shows that Social Security spending will max out at about 6 percent of GDP. UsGovernmentspending.com uses the Supplemental Single Year Tables.

On May 31, 2019, usgovernmentspending.com updated its chart of the Social Security Outlook here based on data in the 2019 OASDI Trustees Report.  You can download the data and also view selected OASDI Trustee forecasts going back to 1997.

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