Will Medicare Go Bankrupt? 
That is a great question . The answer is yes , if our government does n't do something about it very soon . The Affordable care Act -LRB- Obamacare -RRB- made cuts in the overhead costs , added fines for medical providers who had bad rates of returning patients , and increased the fraud departments , and these cuts were supposed to extend the life of Medicare/Medicaid another 5 years or so . I believe the last estimate was to mid 2020 's . But with nearly 10,000 Seniors turning 65 every day and the workforce not paying enough into the fund to cover expenses , it 's anyone 's guess if it makes it that far . And as a quick bit of trivia , Social Security is projected to go belly up just shy of 5 years later , a move that some economists say will increase the poverty rate in America by nearly 500 % . That 's scary stuff , when you realize that 55 % of Senior Citizens already live at or below poverty levels -LRB- 2012 Census data -RRB- . Thanks for asking ! 