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Health law will save Medicare $200B
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| Contributor | RP |
| Last Edited | RP Apr 23, 2012 01:43pm |
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| Category | Report |
| Author | Sam Baker |
| News Date | Monday, April 23, 2012 04:05:00 PM UTC0:0 |
| Description | President Obama’s healthcare reform law will save the Medicare program roughly $200 billion by 2016, according to an analysis from the program’s actuaries.
The report, released by the Centers for Medicare and Medicaid Services (CMS), said the law will produce savings for the Medicare trust fund while also saving seniors nearly $60 billion in out-of-pocket costs.
CMS released the findings ahead of highly anticipated reports Monday from the Medicare and Social Security trustees, which said last year that the healthcare law had extended Medicare’s solvency. |
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