All rights reserved.. Administration touts Medicare cost savings statement; Republicans complain it misleads seniors The Hill: A written report issued Monday by the Obama administration found that the new health care law helps you to save Medicare $8 billion by the finish of 2011, and $575 billion over another decade, largely by improving care quality and preventing waste and fraud. In ’09 2009, the Medicare trustees projected that Medicare’s hospital trust fund would run dry by 2017. CMS says that fund is sustainable through 2029 today. They observed that Richard Foster, the principle CMS actuary who crunched most of the figures cited Monday, has been wary of the agency’s accounting strategies .These expenditures are reflected as an add-back again to adjusted net gain per diluted share in the GAAP to non-GAAP reconciliation afterwards in this release. A significant part of the 2013 prepared capital spending related to the expansion of our Indian facilities has rolled into the 2014 Outlook. Furthermore, the ongoing company is investing in modernization tasks at our Decatur, Illinois sterile injectables service. Finally, the 2014 Outlook also contains capital expenditures anticipated for Hi-Tech.