The bad economy is worsening the already-shaky finances of Medicare and Social Security, draining the trust funds supporting them faster than expected and intensifying the need for Congress to shore up the massive benefit programs, the government said Friday.
Unlikely as it may seem, President Barack Obama and Republicans in Congress actually share some common ground on the need to curb Medicare costs to fight the spiraling federal debt.
The loudest objections to the GOP Medicare plan are coming from seniors, who swung to Republicans in last year's congressional elections, and many have been complaining at town-hall meetings with their representatives during the current congressional recess. Some experts say GOP policymakers may have overlooked a defining trait among older...
Millions of seniors in popular private insurance plans offered through Medicare will be getting a reprieve from some of the most controversial cuts in President Barack Obama's health care law.
President Barack Obama's plan to curb health care costs that drive the deficit will mean less taxpayer money for providers and more costs for beneficiaries as he draws from bipartisan ideas already on the table.
The Obama administration on Thursday outlined a new approach to medical care that it said could mean higher quality and less risk for patients, while also saving millions of dollars for taxpayers.
Republican lawmakers charge that the AARP, which supported the Affordable Care Act of 2010, will profit from its passage, and that the organization should be stripped of its federal tax exemption.