According to a government report, U. S. Medicare retiree health program will see something positive now as compared to last year. The reason is cost cuts resulting from healthcare reform legislation.
The reports states that until 2029, the Medicare hospital trust fund is not projected to exhaust its funds.
Due to the recession, Americans had to suffer when it came to Social Security, another major program for retired Americans, Social Security, and it was so much that for the first time in 27 years, it was pushed into deficit.
About 53 Americans were benefited from Social Security at the end of 2009 and its reserves were due to be exhausted in 2037.
In November mid-term elections, some of the politically polarizing issues were the Obama administration's healthcare overhaul and the yawning U. S. budget deficit.
As a dividend from healthcare reform, Medicare's improved finances were hailed by the administration.
Treasury Secretary Timothy Geithner, one of the trustees, said, "The impact of healthcare reform is made clear by the trustees reports, which show some very positive developments for Social Security and especially Medicare.”
