Social Security Concerns - Social Security's retirement fund could be depleted in approximately 8 years, potentially leading to a benefit cut of about 23% [1] - The depletion date for the Old-Age and Survivors Insurance (OASI) fund has moved forward by about 6 months due to the Social Security Fairness Act, and another 3 months due to lower fertility rates and worker-to-retiree ratio [7][8][12] - A couple retiring in the year of insolvency could face a $16,500 reduction in their annual benefits [13] - For a single person with a primary insurance amount (PIA) of $3,500 claiming at age 70, benefits could drop by $12,000 annually after the potential cut [15] - For a couple where one spouse has a PIA of $3,500 and the other $2,500, claiming at 70, their combined benefits could drop by $20,000 annually [15][16] Medicare Challenges - The Hospital Insurance (HI) trust fund (Medicare Part A) is projected to be depleted by 2033, three years earlier than the previous projection [5] - Medicare Part B premiums are expected to continue rising, with an example projection using a 6% annual increase [40][41] - Changes in Part D (prescription drug coverage) are causing significant price increases for consumers, with some monthly charges jumping from $3.30 to $35.90 [43][44] Healthcare Coverage Issues - Potential Medicaid cuts and changes to the Affordable Care Act (ACA) could result in approximately 8 million people losing Medicaid coverage and another 8 million losing ACA coverage [1][46] - Proposed changes to ACA enrollment involve stricter requirements and shorter enrollment windows, potentially leading to people losing coverage inadvertently [50][51]