Chairman Arrington Responds to 2025 Social Security and Medicare Trustees Reports
WASHINGTON, D.C. – The Trustees of the Social Security and Medicare Trust Funds released the 2025 reports on the current and projected financial status of the two respective programs. The reports emphasize the dire financial state of our nation’s most vital retirement and health programs.
House Budget Committee Chairman Jodey Arrington (R-Texas) released the following statement in response to the reports:
“We must stop preying on the fears of our seniors, put down the political weapons, and prioritize American seniors by working together to strengthen and save Social Security and Medicare.
The 2025 Social Security and Medicare Trustees reports confirm what we already know – doing nothing to address the solvency of these programs will result in an immediate, automatic, and catastrophic cut to benefits for the nearly 70 million seniors who rely on them.
Additionally, as Congress seeks to address these shortfalls, we must have the best information available, which is why I’m alarmed at the 19-year divergence between CBO’s and the Medicare Board of Trustees’ insolvency projections.
We have a generational opportunity and a moral obligation to address the solvency and unsustainability of these critical programs. Saving Social Security and Medicare while putting our nation on a responsible debt trajectory demands bipartisan leadership, the courage to make tough choices, and an unshakable resolve to see it through.”
THE BOTTOM LINE
The Social Security Board of Trustees projects that the Social Security Old-Age and Survivors Insurance (OASI) Trust Fund will become insolvent in 2033, about three calendar quarters earlier than last year’s report, at which point the Trust Fund will only be able to pay out 77 percent of benefits, about 2 percent less than last year’s report. If the OASI Trust Fund and Disability Insurance Trust Fund were combined, the resulting fund would become insolvent in 2034, one year earlier than last year’s report.
The Medicare Board of Trustees projects that the Medicare Hospital Insurance Trust Fund, where Part A benefits for inpatient care are paid from, will become insolvent in 2033-three years earlier than projected in last year’s report-at which point the trust fund will only be able to pay out 89 percent of scheduled benefits.
These reports highlight the need for Congress to come together in a bipartisan manner to address the looming insolvency of these critical programs. Social Security and Medicare are earned benefits that must be saved and strengthened, and House Republicans are committed to ensuring the long-term solvency of the two most important senior safety net programs.
