Wednesday, July 30, 2014

Obamacare extended the life of Medicare for 13 years

The annual report from the Medicare program’s Boards of Trustees, released earlier this week, projects that the program's Trust Fund will last four more years, to 2030, which means that the Affordable Care Act (ACA) has added 13 years to the life of the Medicare system!

The report was not prepared for, or under the direction of, the White House.

Under the Social Security Act, a board of trustees reports annually to Congress on the status and long-term financial prospects of both Social Security and Medicare. The reports are prepared by professional actuaries and are signed by three cabinet secretaries, the commissioner of Social Security, and two publicly appointed trustees—one Republican, one Democrat.

No comments:

Post a Comment