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High-Tech Treatments Threaten Medicare Budget, Trustee Says

Law360, New York (June 20, 2013, 2:17 PM EDT) -- Medicare’s financial future has brightened amid a lull in development of blockbuster drugs and advanced medical devices, but costly clouds are on the horizon as innovation proceeds in genomic therapy, stem cell research and other high-tech fields, one of the program’s two public trustees said Thursday.

Robert D. Reischauer told a congressional panel that the decline in “major new technologies” was a key factor in last month’s forecast that Medicare’s solvency has been extended to 2026, two years longer than previously projected.

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