Obama touts Medicare report

President Barack Obama reached out on Saturday to retired Americans, an important group of voters, touting a report that showed healthcare reform had brightened prospects for the Medicare hospital trust fund.

Medicare is the government-administered program that funds healthcare for people aged 65 or older.

A government report released on Thursday showed the program’s trust fund was not projected to exhaust its funds until 2029, 12 years later than forecast last year, as a result of cost cuts stemming from Obama’s healthcare reform law.

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