Thursday, April 29, 2010

Tax Reform Bill Extends Medicare's Solvency by Twelve Years

In an extensive report evaluating the new health care reform legislation, including the reconciliation amendments, passed by Congress on March 23rd and March 30th, respectively, the Chief Actuary for the Centers for Medicare and Medicaid Services projects that the effect of the legislation will extend the solvency of Medicare from 2017 until 2029.  The report also estimates that Medicare services will be provided through the end of this decade to an additional 33 million people.  Link to Report.

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