Medicare's Finances Keep On Improving

The case for cutting Medicare and for repealing Obamacare is getting worse and worse all the time. This week's installment of bad news for the would-be cutters and repealers: the Medicare trustees' report, showing an improved outlook for the federal health program. Medicare’s financial health is improving, according to a new official forecast that says that the program will remain solvent until 2030—four years later than anticipated a year ago—because of the Affordable Care Act and lower-than-expected spending on hospital stays. For the more visually inclined, here's a chart showing how the life of the program has been extended over the past five years, courtesy of White House healthcare advisor Tara McGuinness. Healthcare spending continues to slow, a likely combination of the reforms in Obamacare and a still sluggish economy.

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