The Affordable Care Act and the Future of Medicare

Posted on: Wednesday, September 11, 2013  Comments (0)

One of the hoped for consequences of implementing the Affordable Care Act was the protection of Medicare for years to come. Currently, the Medicare trustees estimated that the life of the Medicare Trust Fund will be extended to at least 2024 - an 8 year extension over their previous estimate due to mandated reductions in waste, fraud and abuse. They concluded that, in the three years since the Affordable Care Act became law, slower growth of health care costs is reducing Medicare costs, helping to curb previously skyrocketing premiums and making Medicare stronger.