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Economy likely to move up Medicare's insolvency

AP/Yahoo News, December 2, 2008

Federal health officials estimate that the struggling economy will speed up by one to three years the exhaustion of the Medicare trust fund covering hospital and nursing home care. Trustees for the Social Security and Medicare programs warned in March that the trust fund for Medicare Part A would become insolvent in 2019. But the chief actuary for Medicare said the economy will likely generate less revenue through payroll taxes than the trustees had projected.