The Hill: A report issued Monday by the Obama administration found that the new health care law "will save Medicare $8 billion by the end of 2011, and $575 billion over the next decade, largely by improving care quality and preventing waste and fraud." The report also predicts that the overhaul will "extend the life of the program more than a decade. ... In 2009, the Medicare trustees projected that Medicare's hospital trust fund would run dry by 2017. CMS now says that fund is sustainable through 2029. … Conservative critics immediately dismissed the CMS report as a politically motivated attempt to sell health reform to seniors. They noted that Richard Foster, the chief CMS actuary who crunched many of the figures cited Monday, has been wary of the agency's accounting methods" (Lillis, 8/2).
ExecutiveGov: "The Obama administration report states that the healthcare reform will strengthen Medicare, as opposed to Republicans' concerns that spending cuts will undermine the system" (Mulrain, 8/2).