Done Midday Glance: Health Care Equipment companies Health Care Equipment companies shares up at 1 p.m. rose $.30 or .3 percent, to $120.17. Covidien plc rose $.77 or .8 percent, to $91.67. Patterson rose $.22 or .6 percent, to $39.75. PerkinElmer rose $.55 or 1.2 percent, to $48.23. Thermo Fisher Scientific Inc.
Medicare’s own health looking better, report says | WashingtonExaminer.com
<img src='http://i.imgur.com/CWCE5if.jpg' width='265px' alt='Photo – Health and Human Services Secretary Sylvia Burwell, center, flanked by Treasury Secretary and Managing Trustee Jacob J. Lew, left, and Labor Secretary Thomas E. Perez, speaks at a news conference at the Treasury Department in Washington, Monday, July 28, 2014, alexander simring your domain name to discuss the release of the annual Trustees Reports. (AP Photo/Susan Walsh)’ style=’float:left;padding:5px’ />
If Congress acts quickly, Social Security could be shored up for several generations through relatively modest changes to benefits and revenues. However, many Medicare advocates oppose any cuts to benefits, while many Republicans in Congress oppose any increase in taxes. “The president will not support any proposal that would hurt Americans who depend on these programs today, and he will not support any effort that slashes benefits for future retirees,” Lew said. In 2030, when the hospital trust fund is expected to be depleted, Medicare will collect enough payroll taxes to pay 85 percent of inpatient costs. Medicare is adding 10,000 new beneficiaries a day as baby boomers reach age 65. But the report said that costs per beneficiary were essentially unchanged in 2013, for the second year in a row. That is a contrast with previous years, when both per-person costs and overall enrollment were growing.