The Latest Breaking News from Medicare

Policymakers will need to patch the Social Security program by 2033 to avoid draconian cuts in benefits, a year earlier than had been predicted. A trust fund for Medicare will run out of cash by 2031.

WASHINGTON — The Social Security system’s retiree fund will be able to fully pay scheduled benefits until 2033, one year earlier than reported last year.

NEW YORK — Mayor Eric Adams signed off on a contract Thursday that will eliminate traditional Medicare coverage for retired city government workers and shift them into a privatized version of the program instead — a highly controversial move that immediately drew a lawsuit threat from a grassroots retiree group.

House Budget Chairman Jodey C. Arrington said Congress needs to lift the debt ceiling and impose fiscal controls “immediately".

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.99%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.36%. U.S. stock indexes this morning are moderately higher. Strength...

In the federal budget standoff, the majority of U.S. adults are asking lawmakers to pull off the impossible: Cut the overall size of government, but also devote more money to the most popular and expensive programs

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.49%. Stock indexes Tuesday posted moderate losses, with the Nasdaq...

A U.S. lawmaker is taking action after a KHN investigation exposed weaknesses in the federal system meant to stop repeat Medicare and Medicaid fraud and abuse.

Medicare and Medicaid have become increasingly dominated by private plans.