Medicare and Social Security are in pretty good shape according to the 2010 Annual Report of the Trustees. That's good news for all of us. But especially those who are retired or close to retirement and counting on specific benefits from both programs.
The report said that Medicare is looking much healthier, thanks to the changes in the health care reform bill that reduces costs for prescription drugs and physician services.. The Hospital Insurance trust fund is expected to remain solvent an additional 12 years - until 2029. While Medicare finances have improved, further reforms will be needed.