Medicare Will Be Viable to 2029, Backing Obama Claim
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Medicare will gain an extra 12 years of fiscal life as a result of the health law signed in March by President Barack Obama, a government report said, supporting the administration’s claims about the value of the overhaul.
Medicare, the U.S. government’s health plan for the elderly and disabled, will now run short of money in 2029 instead of 2017, according to the report issued today by the program’s trustees, including Treasury Secretary Timothy Geithner and Health and Human Services Secretary Kathleen Sebelius.