News Headlines Article

Can overhaul law save Medicare?
San Francisco Chronicle

President Barack Obama’s health care overhaul law cuts about $500 billion from Medicare in the next 10 years and spends most of that to cover uninsured workers and their families.

Democrats say retirees have nothing to fear because those cuts will help push off Medicare’s insolvency until 2029 — a full 12 years from current projections.

“This law doesn’t weaken Medicare. It strengthens it and extends its life,” Obama said at a Miami fundraiser in April.