Trustees report Medicare will become insolvent in 2026

Medicare’s financial problems have gotten worse, and Social Security’s can’t be ignored forever, the government said Tuesday in an annual assessment that amounts to a sobering checkup on programs vital to the middle class.

The report from program trustees says Medicare will become insolvent in 2026 – three years earlier than previously forecast. Its giant trust fund for inpatient care won’t be able to cover projected medical bills starting at that point.