“Coronavirus to accelerate Social Security, Medicare depletion dates, U.S. officials say,” by David Lawder, Reuters

 

Quote:

“The 2020 Social Security and Medicare trustees reports released on Wednesday did not reflect projections from the coronavirus pandemic but showed continued long-term funding shortfalls for retirement, disability and seniors’ healthcare benefits. … Trump administration officials said that while they have made no official projections on the effects of the virus, if a 15% reduction in employment and revenues persists over the full 2020 year, they expect those depletion dates will move forward.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Does it matter how you felt before the train hit you?