Wyden Statement on the Social Security and Medicare Trust Funds Report
Washington, D.C. — Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement after the trustees of the Social Security and Medicare trust funds issued their annual report about the fiscal health of the trust funds. The report finds that the Social Security Old-Age and Survivors Insurance (OASI) Trust Fund will be depleted in 2033, unchanged from last year, and the Medicare Hospital Insurance (HI) Trust Fund will be depleted in 2033 as well, three years earlier than reported last year.
“Instead of taking away health care from millions of American families and increasing costs for seniors, Republicans could be working to strengthen Medicare by taking on insurance company practices like upcoding that are driving health costs higher and threatening Medicare’s future,” Wyden said. “Democrats have a plan to make sure Social Security isn’t cut in 2033 without raising taxes on young Americans or cutting benefits for anyone - Republicans can’t say the same.”
The full report can be found here.
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