10,978,040: The number of Americans receiving federal disability insurance in May 2013
Medicare may be in better shape than it was last year, but the program that pays nearly 11 million people who receive disability benefits will be insolvent within three years unless action is taken.
The trustees of the Social Security and Medicare programs said on Friday that the disability trust fund will run out of money in 2016. This isn’t a new development. The fund has been paying out more than it brings in since 2009, drawing down a surplus built during the 1990s.
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The average monthly payment to a disability beneficiary was $977.42 in May. Benefit payments won’t be halted if the trust fund runs dry, but they will have to be cut by 20% to 30%.Read the full story HERE.
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1 comment:
Maybe while they're trying to correct this problem they can try and figure if someone has put something in our water supplies. I read recently that if the folks on disability started their own country, it would start off more populated than Spain.
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