August 5th, 2010
01:10 PM ET
4 years ago

Medicare gets lifeline from health care reform

New York (CNNMoney.com) - The newly passed health care law will boost the financial strength of the nation's massive Medicare program, the government said Thursday.

The controversial Affordable Care Act extends the life of the Medicare Trust Fund by 12 years, to 2029, according to the annual report from the trustees who oversee Medicare.

The effects of the law - lowering health care costs, focusing on prevention and improving service quality - will help rein in the exploding costs of Medicare, the administration said.

Full story


Filed under: CNNMoney.com • Health care • issues • Medicare
soundoff (23 Responses)
  1. Paul from Phoenix

    "The effects of the law – lowering health care costs, focusing on prevention and improving service quality – will help rein in the exploding costs of Medicare, the administration said."

    This is the same administration that said the health care was budget neutral, right? $600 billion dollars added to the defecit later.....

    This administration has as much credibility as the last one. At least with this one, I will not be fooled as long as I was by Bush.

    August 5, 2010 01:32 pm at 1:32 pm |
  2. Victim of Puritan-Fascists

    Yet the Republican activists think we should repeal Healthcare...might as well just be honest and admit they want to eliminate Medicare and Social Security too.

    August 5, 2010 01:35 pm at 1:35 pm |
  3. awaitingliberalizationbyCNN

    I read where the jump in jobless claims today was a "surprise." Anyone surprised? The porkulus project was simply a theft of money to pay off the unions for their support by the corrupt, inept, unethical, immoral, union toady president and his kool aid drinking, dope smoking followers in congress. The lies about it and Obozocare bear a striking similarity. Time to start blaming Bush and calling people racists even more, right libertards, the country is catching on to the slime of your belief systems.

    August 5, 2010 01:38 pm at 1:38 pm |
  4. Save America, impeach the treasonous republicans

    While Fox and the baggers want to repeal health reform, I find it hard to believe that the majority of Americans want to allow big insurance rates to go unchecked (remember a 50% premium increase in California a year ago) do not want to keep their children on their policy until they can get employment, want to be denied coverage if they need it, want to denied for pre-existing conditions, and do not want coverage for almost 35 million uninsured.

    August 5, 2010 01:45 pm at 1:45 pm |
  5. Rick McDaniel

    Not really. It just places long term debt on Medicare, while actually providing less to seniors.

    August 5, 2010 01:48 pm at 1:48 pm |
  6. snow

    This is after the congressional budget office who says this administration is spending the same supposedly savings of 500+ billion(taken out of medicate)being counted twice. Anyone who believes this pack of lies of savings for medicare, I have a bridge in brooklyn to sell you.

    August 5, 2010 01:58 pm at 1:58 pm |
  7. phoenix86

    Could have done this without spending the other billions.

    August 5, 2010 01:59 pm at 1:59 pm |
  8. Which is a good thing - You know, MAKING MEDICARE MORE STABLE

    Instead of destroying it – the right wing's wet dream

    August 5, 2010 02:02 pm at 2:02 pm |
  9. Dominican mama 4 Obama

    The newly passed health care law will boost the financial strength of the nation's massive Medicare program, the government said Thursday.
    -------------------------------–

    OH NOOOOO!!! What are the grannies that are on "death panel" row going to say about this now?!

    Extend MEDICARE?? Heavens to Betsy! Old Teabaggers definitely DO NOT WANT THAT!

    August 5, 2010 02:02 pm at 2:02 pm |
  10. Dutch/Bad Newz, VA

    It's good that Medicare has a lifeline. However, the government can save taxpayer money simply by cutting out the waste. As a medical professional, I see waste on a daily basis. It's imperative amongst MDs and medical specialists to stop writing RXs when there is clearly an indication that the patient won't get any better than they already are.

    August 5, 2010 02:02 pm at 2:02 pm |
  11. Need new leadership

    Interesting.... this money should have been included in Obama's 'healthcare' bill. Notice how Obamacare just gets more and more expensive each day....

    Yep, Obama, Pelosi and Reid all lied.

    August 5, 2010 02:06 pm at 2:06 pm |
  12. drr

    This can't be true. Remember. They're suppose to kill gramma with their death panels and they're suppose to cut back soooo much from medicare.

    August 5, 2010 02:07 pm at 2:07 pm |
  13. diridi

    America needed this reform long time ago...GOP played with Americans and looted the nation like crazy. Watch out, 2014 is going to be good, once, we have state run health care involvements, then we can buy from these state run options than insurance companies. They work as public options....true...Insurance companies can stop dramas of charging more as they please....it is good for the nation....thanks pres. obama...

    August 5, 2010 02:09 pm at 2:09 pm |
  14. Carl F

    Uh...didn't Palin quit halfway through her first term as Alaska governor? Apparently, when she realized that she couldn't figure out how to do her job she just split. She has no credibility t criticizing Obama....or on anything else for that matter (except maybe talking about "mama grizzlies".) She'd do all of us a big favor if she'd just shut up and do something useful.

    August 5, 2010 02:10 pm at 2:10 pm |
  15. Former Republican, now an Independent

    Anyone who is on Medicare, or approaching Medicare age better take note of the folks in Washington who tried to kill it by voting no on the health care reform bill. These are the same current republicans who want to kill Social Security and are currently spreading lies abouit it's solvency.

    August 5, 2010 02:16 pm at 2:16 pm |
  16. U.S. Common Sense

    The government saying that their finances are in order is as believeable as the mob saying their businesses are legit.

    August 5, 2010 02:30 pm at 2:30 pm |
  17. Marie MD

    I am sure the mostly white teabaggers will find fault with this or completely ignore it.

    August 5, 2010 02:35 pm at 2:35 pm |
  18. John D

    Yea right and if you believe that, I got a bridge in brooklyn for sale!!!

    August 5, 2010 02:37 pm at 2:37 pm |
  19. Laverne

    If people took the time to listen instead of screaming, there is actually some good stuff in the healthcare bill, no it's not perfect, but it is the beginning what can become even better in the future! Kudos to President President!

    August 5, 2010 02:43 pm at 2:43 pm |
  20. Brig

    She is just like Obama – an activist without enough experience for the job. In the real world where experience matters neither would be considered for such a position.

    August 5, 2010 02:43 pm at 2:43 pm |
  21. scott

    hey republicans go and get a life rednecks

    August 5, 2010 02:47 pm at 2:47 pm |
  22. Orlando Patriot

    All I can say is when I read this I fell on the floor in hysterical laughter!! Medicare has been a disaster from the start so now an even MORE complex and idiotic government health care plan is going to SAVE money and also help reduce the cost of Medicare? Are you serious?

    That reminds of the story where a tractor-trailer fell over a cement embankment int a river so they brought a tow truck to pull it out. The tractor-trailer was too heavy and pulled tractor-trailer also into the river. So they sent out a BIGGER tow truck to get the tractor-trailer AND smaller tow truck out of the river. You guessed it. The BIGGER tow truck got pulled into the river also.

    So Medicare was created and "fell" in the river so they bring out an even BIGGER government plan to save the SMALLER government plan. I think we ALL know what is going to happen here. If it wasn't so rediculous it would be very very funny but it is not. This is our life and country we are talking about and is now in its downward spiral for destruction.

    One day you will look back and say "I remember when the U.S. was the world leader and had the highest productivity and GDP. Oh, those were the days........"

    August 5, 2010 02:50 pm at 2:50 pm |
  23. Haren

    Stupid Missori voters.
    50% american like health care reform and poll number will still go up after sept.

    August 5, 2010 02:56 pm at 2:56 pm |