The government said Friday that Medicare's giant hospital trust fund will be exhausted in 2026, two years later than projected last year, while the date that Social Security will exhaust its trust fund remained unchanged at 2033.
Millions of seniors enrolled in some of the most popular Medicare prescription drug plans face double-digit premium hikes next year if they don't shop for a better deal, says a private firm that analyzes the highly competitive market.
In a state where polls show Mitt Romney in a dead heat with President Barack Obama, the president is warning the state's seniors that Romney will cost them money by turning Medicare into a voucher program.
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