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Government Admits Medicare Is Going Broke Faster Than Expected

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A new report issued by government trustees revealed that Medicare is going broke faster than previously expected, with the program reaching insolvency within less than a decade.

The Associated Press reported Tuesday that an analysis of the health of Medicare and Social Security — described by the AP as “a sobering checkup on programs vital to the middle class” — revealed that Medicare would be insolvent in 2026, three years earlier than previously expected.

That’s when the massive trust fund used to pay in-patient medical bills will run out.

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