News Headlines Article

Law Will Extend Medicare Fund, Report Says
New York Times

Medicare will remain financially solvent for 12 years longer than projected a year ago — until 2029 — because of the cost-cutting measures in President Obama’s recently enacted health care legislation, the program’s trustees reported on Thursday. Social Security’s long-term finances also stand to improve slightly, the report said, though in the short run the retirement program’s condition has worsened because of high unemployment, which has reduced payroll tax revenues.