Geithner Says Health Reform Strengthens Medicare, Social Security

Treasury Secretary Timothy Geithner, acting in his role as the chief trustee of the Social Security and Medicare trust funds, said Thursday that the administration’s health care reform bill enhances the solvency of both.

Geithner noted that the Affordable Care Act did not solve the looming problems that will see both funds running out of money in coming years, but he did say it enacts some “very positive” developments for Social Security and especially Medicare.