When Is Medicare Projected To Go Broke? 
Great question ! The answer to that will most likely hinge on the mid-term elections this fall . There is one party that believes that Medicare is a handout , and that it can not properly be funded , so it needs to be drastically cut . The other party agrees that funding is an issue , and with nearly 10,000 seniors turning 65 every day , and with many of them not covered by insurance through a workplace , it certainly will become a bigger issue . The party that wins the majority of seats in Congress this fall will probably tip the scales in their favor . Assuming things stay the same , Professor Michael Granof , Professor of Economics at the University of Texas says Medicare will be bankrupt by 2023 , and Social Security about ten years later . His statistical analysis of retirement aged seniors is quite sobering . If you would like the link to his lecture , please feel free to contact me , I 'm happy to share it with you . Thanks for asking ! 