WASHINGTON — President Barack Obama says Medicare will exist for many more years, thanks to new legislation that helped put the health care program for America’s seniors on stronger financial footing.

Seniors already are benefiting from that new health care law, said Obama, noting that many have received $250 rebates to help buy medicine, for example.

Obama said the law and efforts by his administration to eliminate waste, fraud and abuse both in Medicare and across government generally are making the program stronger and cutting health care costs for seniors.

“Medicare isn’t just a program,” Obama said Saturday in his weekly radio and Internet message. Read more…