6/3/2013

Medicare's main trust fund, which pays hospital bills and related costs, can continue providing full benefits until 2026, two years longer than last year's projections, according to an annual report released Friday. "The Medicare report demonstrates, once again, the importance of the Affordable Care Act, which has strengthened Medicare's finances by reining in health care costs," said Treasury Secretary Jack Lew. The improved finances were attributed to the lower-than-expected increase in spending in 2012, an anticipated reduction in the growth of Medicare Advantage spending due to the Affordable Care Act and lower anticipated costs in various categories.

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