Gloomier-Than-Expected Forecast for Medicare: Trustees Say Out of Money in 2024
May 16, 2011 - Medicare will start running out of money in 2024 -- five years earlier than projected last year as a result of the sluggish economic recovery, the program s trustees reported Friday.

WellCare 1Q earnings soar on Medicaid Part D gains
WellCare Health Plans Inc. said Friday its first-quarter earnings more than tripled as the government health insurance provider saw a big membership gain in Medicare prescription drug plans compared to last year, when enrollment fell mainly due to marketing sanctions from the federal government.

Medicare could run out of money sooner than predicted
Medicare's largest trust fund would run out of money in 2024 without action to shore it up, the government predicts. Highlighting the financial peril confronting Medicare, the federal government predicted Friday that the program's largest trust fund would run out of money in 2024, five years earlier than projected last year.