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Trustees: Medicare Funds Will Be Depleted By 2017

The Obama administration has announced that the Medicare program is running out of money faster than projected. Health and Human Services Secretary Kathleen Sebelius says lawmakers should redouble their efforts on a health system overhaul. Senators are struggling to come up with ways to pay for a overhaul. NPR’s Julie Rovner reports.

The funds will be exhausted a couple of years sooner than expected, largely because high unemployment rates mean a lower level of payroll tax receipts being paid in to both programs. David Wessel of The Wall Street Journal talks with Steve Inskeep about the programs’ financial future.


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