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Saturday, April 24, 2010

Health Reform May Lower Medicare Premiums, Boost Overall Health Tab.

The Los Angeles Times (4/23, Levey) reports, "The new healthcare overhaul championed by President Obama may result in lower Medicare premiums for seniors and a more sustainable Medicare program, according to an analysis of the legislation issued Thursday night by independent actuaries at" HHS. In addition, this analysis "suggests that the Medicare program will remain viable until 2029 -- longer than some earlier projections. Before passage of the healthcare overhaul, Medicare had been projected to slip into the red in 2017." Nevertheless, "the healthcare law also will push up the nation's total healthcare tab, as the federal government spends more than $800 billion over the next decade to expand health coverage to more than 33 million Americans, the analysts concluded."

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