Nightly News   |  May 31, 2013

Medicare headed for insolvency in 2026

The latest prediction as to when Medicare will exhaust its assets is now two years later than earlier estimates because health care spending is increasing at a slower rate. Social Security funds will reportedly be depleted in 2033. NBC’s Brian Williams reports.

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This content comes from Closed Captioning that was broadcast along with this program.

>> it is no secret that social security and medicare are headed for insolvency. within about two decades. the government today said it won't happen to medicare until 2026 . two years later than previously estimated because health care spending is now increasing at a slower speed and projected insurance costs, they say, are lower. social security meanwhile projected to become insolvent in 2033 , just as previously