Slower U.S. healthcare cost rise extending life of Medicare fund: trustees

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Slower U.S. healthcare cost rise extending life of Medicare fund: trustees

By Jason Lange and David Morgan WASHINGTON (Reuters) - Tamer spending at U.S. hospitals and expected savings from President Barack Obama's healthcare overhaul are shoring up the funding outlook for the Medicare program for the elderly, trustees of the program said on Monday. Medicare's trust fund for hospital bills will run out of money in 2030, four years later than previously estimated, the trustees said in a report. The trustees, however, reiterated a warning that the Social Security program would run out of money to fully pay disability benefits by 2016 and could not meet all of its obligations on pensions after 2033. While the arrival date for Medicare's crunch has been pushed into the future, an aging population is already stressing the finances of programs that provide income for the disabled.

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