Latest Medicare Update May 23, 2012 at 06:55 PM

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Medicare Part D - Trustees say Medicare, Social Security finances have worsened; Medicare to


Trustees say Medicare, Social Security finances have worsened; Medicare to be broke by 2024
WASHINGTON - The bad economy is worsening the already-shaky finances of Medicare and Social Security, draining the trust funds supporting them faster than expected and intensifying the need for Congress to shore up the massive benefit programs, the government said Friday.

Insurer WellCare's 1st-quarter earnings soar, helped in part by Medicare Part D gains
TAMPA, Fla. - WellCare Health Plans Inc. said Friday its first-quarter earnings more than tripled as the government health insurance provider saw a big membership gain in Medicare prescription drug plans compared to last year, when enrolment fell mainly due to marketing sanctions from the federal government.


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