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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Jessica Barnes

and if you need a bit more time to save more, try rent to own. I am reading a lot about it these days and feel it will work for me perfectly! learned a lot from this book:

May 19 2014 at 4:18 PM Report abuse rate up rate down Reply

Great advice given about saving some buffer money available for use if needed after the home purchase. Many first time home buyers do not consider this. I would add that many State's do have down payment assistance programs and grant funds. Additionally, home buyers can negotiate for seller's assistance towards closing costs. Most loan programs allow for up to a 6% sellers assistance towards closing costs.

May 16 2014 at 10:10 PM Report abuse rate up rate down Reply