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News Brief

June 4, 2013IA |  By: INS/Bailey

Social Security and Medicare Reform

Yearly reports for the Medicare and Social Security trust funds show Social Security will stay solvent until 2033 and Medicare won’t run out of money until 2026, two years later than the previous estimate.

Between now and then, Congress has to decide what changes to make to both programs to keep them going. AARP Iowa starts listening posts around the state beginning tomorrow to get Iowans' input. AARP Iowa spokesperson, Anthony Carroll says what citizens don’t need is more “back against the wall” decision making.

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Carroll says Medicare and Social Security face challenges as the giant baby boom generation continues to retire.

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Carroll says the first listening post open to the public is tomorrow in Cedar Rapids with other listening posts scheduled around the state of Iowa the rest of the month.