About 70 million people receive Social Security benefits
Medicare unable to pay all hospital bills starting in 2036
Over 66 million participate in Medicare
Social Security and Medicare projected to exhaust trust funds in next decade
Social Security may not have enough money to pay all obligations in 2035
The social safety net programs, specifically Social Security and Medicare, faced long-term shortfalls due to demographic changes and the retirement of baby boomers. According to various reports released on May 6, 2024, both programs are projected to exhaust their trust funds in the next decade. About 70 million people receive Social Security benefits and over 66 million participate in Medicare. If no action is taken by Congress, Social Security and disability insurance programs may not have enough money to pay all obligations in 2035, while Medicare will be unable to pay all hospital bills starting in 2036. The fate of these crucial programs continues to be a contentious political issue as the November presidential election approaches. President Biden has pledged to protect Social Security and Medicare by shoring them up with higher taxes on the rich, while former President Trump suggested being open to scaling back the programs but later walked back his comments. The financial health of these programs improved slightly in 2024 due to a stronger-than-expected economy that attracted more workers to the labor market. However, their overall financial outlook remains grim.
91%
Doubts
Are there any alternative solutions to shoring up Social Security and Medicare besides higher taxes on the rich?
96%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
95%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
Social Security's trust fund is predicted to be exhausted in November of 2033. At that point, benefits would automatically be cut by 21%.
Accuracy Social Security and Medicare are projected to be insolvent by 2035 and 2036 respectively. Benefits would automatically be cut by 21% at that point. About 67 million Americans received Social Security benefits in 2023. Medicare covered 66.7 million senior citizens and people with disabilities in 2023. Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
96%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
95%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
The roaring job market and low unemployment rate have contributed to shoring up Social Security’s finances with more workers contributing.
Accuracy Social Security and Medicare are projected to be insolvent by 2035 and 2036 respectively. Social Security's trust fund is predicted to be exhausted in November of 2033. Social Security will only be able to cover 83% of benefits owed after exhaustion. Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
96%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
95%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
About 67 million Americans received Social Security benefits in 2023. Medicare covered 66.7 million senior citizens and people with disabilities in 2023.
Accuracy Social Security trust fund is predicted to be exhausted in November of 2033. Social Security and Medicare are projected to be insolvent by 2035 and 2036 respectively. At that point, benefits would automatically be cut by 21% for Social Security. Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
95%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
95%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
Social Security trust funds are projected to run out in 2035 Strong economy, low unemployment and higher job and wage growth contributed to the improved outlook for Social Security’s finances
Accuracy Social Security's trust fund is predicted to be exhausted in November of 2033. Social Security and disability insurance programs may not have enough money to pay all obligations in 2035. Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
97%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
50%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
The social safety net programs, specifically Social Security and Medicare, faced long-term shortfalls. Approximately 70 million people receive Social Security benefits and over 66 million participate in Medicare. Social Security and disability insurance programs may not have enough money to pay all obligations in 2035. Medicare will be unable to pay all hospital bills starting in 2036.
Accuracy ]The social safety net programs, specifically Social Security and Medicare, faced long-term shortfalls.[ Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
