; findings (a) Short title This Act may be cited as the Social Security and Medicare Lock-Box Act . (b) Findings regarding social security and Medicare part A The Congress finds the following: (1) (A) Long-term projections show serious problems facing the fiscal health of the trust funds associated with Social Security and Medicare Hospital Insurance. (B) According to the 2018 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, the assets of the combined Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund will be exhausted by 2034, and the Disability Insurance Trust Fund alone will be depleted by 2032. (C) According to the 2018 Annual Report of the Board of Trustees of the Federal Hospital Insurance and Federal Supplementary Medical Insurance Trust Funds, the assets of the Federal Hospital Insurance Trust Fund will be exhausted by 2026. (2) (A) The Trustees of these trust funds strongly encourage action to protect the solvency of the trust funds. (B) In their message to the public, included in the 2018 Annual Reports, the Social Security and Medicare Boards of Trustees wrote, The Trustees recommend that lawmakers address the projected trust fund shortfalls in a timely way in order to phase in necessary changes gradually and give workers and beneficiaries time to adjust to them. Implementing changes sooner rather than later would allow more generations to share in the needed revenue increases or reductions in scheduled benefits and could preserve more trust fund reserves to help finance future benefits. Social Security will play a critical role in the lives of 63 million beneficiaries and 175 million covered workers and their families during 2018. With informed discussion, creative thinking, and timely legislative action, Social Security can continue to protect future generations. . (3) Social Security and Medicare are meant to provide a secure and stable base so that older Americans can