Medicare Fund Gets Less Dire Diagnosis
Trustees say it can keep paying benefits until 2026
By Kevin Spak, Newser User
Posted May 31, 2013 12:24 PM CDT
Medicare's vitals are looking better than expected.   (Shutterstock)

(Newser) – Not a hoax, not a dream, not an imaginary story: Medicare is doing better financially than anyone thought. The main trust fund that funds the healthcare program has announced that it expects to be able to pay full benefits through 2026, two years longer than previously believed, the Wall Street Journal reports. The growth of healthcare costs has slowed significantly, the fund's annual report explains, and the projected spending in some areas, including skilled nursing facilities, has gone down.

But one of the two public Medicare trustees said it would be a "mistake" to view the improvement as "significant," because the projections are such an imprecise art, CNN Money reports. That didn't stop the Obama administration from declaring victory, though; Treasury Secretary Jack Lew said the report "demonstrates, once again, the importance of the Affordable Care Act," crediting the law with "reining in healthcare costs."

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Showing 3 of 37 comments
Jun 2, 2013 5:26 PM CDT
doesn't mean much... it's gasping for breath
Jun 2, 2013 8:30 AM CDT
Home Health Care nurses are providing disease process education, teaching the general public interventions for prevention and helping them to be able to recognize exacerbations at early stages; in order to reduce hospitalizations and ER visits.Keeping them safe in their own homes for many benefits. Keeping clients out of facilities and in their own homes with family support is ideal for not only reducing healthcare cost exponentially but also increasing family unity.
May 31, 2013 9:24 PM CDT
Maybe eating cat food is healthier than we thought it was.