1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code 95-543 EPWUpdated March 29, 2004The Financial Outlook for Social Security and MedicareDawn NuschlerDomestic Social Policy DivisionSummaryThe 2004 annual reports of the board of trustee
2、s of the Social Security andMedicare trust funds were released on March 23, 2004. While the financial status of theSocial Security program is little changed, Medicares financial difficulties are moresevere. Social Security continues to face projected long-range financing problems, withinsolvency pro
3、jected to occur in 2029 for the Disability Insurance (DI) part of SocialSecurity and 2044 for the retirement and survivors part. On a combined basis, the twoparts would become insolvent in 2042, the same point projected last year and 13 yearslater than projected in 1997. Insolvency of the Hospital I
4、nsurance (HI) part of Medicareis projected to occur in 2019, 7 years earlier than projected last year. In the long run, thefinancing gap for Social Security dropped slightly from 1.92% to 1.89% of taxablepayroll, an amount equal to about 14% of the programs projected income. Theprojected long-range
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