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Aug
08
2016 Trustees Reports Project Social Security COLA, Medicare Premiums, and Long-Term Outlook
2016 Trustees Reports Project Social Security COLA, Medicare Premiums, and Long-Term Outlook According to this year's Trustees reports, Social Security and Medicare accounted for 41% of federal program expenditures in fiscal year 2015. Every year, the Trustees of the Social Security and Medicare trust funds release reports to Congress on the current financial condition and projected financial outlook of these programs. The 2016 reports, released on June 22, 2016, project a small Social Security cost-of-living adjustment (COLA) and Medicare premium increases for 2017, and discuss ongoing financial challenges. What are the Social Security and Medicare trust funds? Social Security: The Social Security program consists of two...
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