The Medicare Trust Fund Will Be Safeguarded
Before the Affordable Care Act was signed, Medicare's future was dire. Experts had concerns that the Medicare Trust Fund, a major source of financial backing for Medicare, would go bankrupt. In August 2010, though, the Medicare Board of Trustees announced that the fund's outlook had substantially improved due to new regulations in the health care reform legislation. Because of the legislation's commitment to reduce waste, abuse and billing errors within the Medicare system, the trustees reported that the fund is projected to remain solvent until 2029. That's a 12-year extension from previous estimates.