The two independent trustees overseeing Social Security and Medicare broke with the Bush administration’s trustees yesterday, saying Medicare’s financial problems far exceed Social Security’s and are in urgent need of attention.
Republican Thomas R. Saving and Democrat John L. Palmer said Social Security’s condition has changed little since they joined the Social Security and Medicare Boards of Trustees in 2000. But in the trustees’ report released yesterday, they wrote that Medicare’s prospects have “deteriorated dramatically” with rising medical costs and the addition in 2003 of a prescription drug benefit.
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