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Amanda Seitz | AP

DARK SECRETS: Medicare social security could fall short over next decade report warns | Rare Historical Photos

Social Security Medicare Michael Peterson Nursing Home

President Joe Biden speaking Feb. 9 in Tampa about his plans to protect Social Security and Medicare and lower healthcare costs. (Patrick Semansky / AP)

WASHINGTON — Medicare, the federal government-sponsored health insurance that covers 65 million older and disabled people, will be unable to pay full benefits for inpatient hospital visits and nursing home stays by 2031, the annual Social Security and Medicare trustees report warns.

Two years after that, the report says, Social Security won’t have enough cash on hand to pay full benefits to its 66 million retirees.

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