News Headlines Article

Lower Health Care Costs Improve Government Budget Outlook
The Huffington Post

Lower hospital and nursing costs improved the budget outlook for the U.S. government’s healthcare program for the elderly over the past year, but the fortunes of the Social Security pension program have changed little, the programs’ trustees said on Friday.

Despite the improvement for Medicare, the trustees reiterated their longstanding view that neither program can meet projected long-term obligations without changes from Congress, and urged action as soon as possible.