Medicare's Future Depends On Health Co. Squeeze: Trustees

Law360, New York (May 31, 2013, 3:37 PM EDT) -- The Obama administration reported Friday that Medicare’s solvency has been extended by two years, to 2026, because of lower-than-expected spending, but cautioned that long-term stability requires squeezing more money out of drugmakers and slapping new fees on supplemental insurance plans.

The annual report from Medicare’s trustees credited Affordable Care Act provisions, a crackdown on fraudulent billing, reduced utilization of medical services and projected improvement in the nation’s economic health with boosting the lifespan of the hospital insurance trust fund, which bankrolls Medicare Part A and is...
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