The health reform law will save Medicare about $8 billion by the end of 2011 and $575 billion over the rest of the decade, according to a report set to be released by the Obama administration.

The report shows that the reform will add 12 years of solvency to Medicare's trust fund for inpatient care and will save seniors nearly $200 a year in monthly premiums by 2018, the Associated Press reported.

"The passage of the Affordable Care Act marks a turning point in the unsustainable rate of cost growth in our health care system," an advance copy of the report said.

Democrats and Republicans have fiercely debated the impact of health reform on Medicare. Polls show that seniors are generally more skeptical of the health reform bill than younger Americans.


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John

What CPA degrees do the US Gov, employees have, who did this study, and what system did they use?

August 06 2010 at 12:39 PM Report abuse +1 rate up rate down Reply
Rita Marvez

Is the administration also going to tell how much healthcare for seniors will be cut back because they will be considered "expendable"? They have wasted billions in Medicaid drugs by not using generics. Will they also address that issue? As long as the government administers the healthcare programs, there will always be untold amounts of waste; bureacracy will see to that.

August 02 2010 at 8:30 AM Report abuse +3 rate up rate down Reply