GOP Study Committee urges reform of low-on-money Medicare

After passing the worst piece of legislation in American history into law, ObamaCare, in the Democrat-controlled 111th Congress two years ago, the Obama administration is now granting thousands of waivers to its favorite supporters  --  many of them unions  --  to avoid having to abide by the onerous mandates of ObamaCare. 

Indeed, it was reported just this week that the former Democrat Speaker of the House of Representatives, Nancy Pelosi, who almost single-handedly crammed ObamaCare down the throats of an unwilling American people, received a whopping 20% of the waivers for her San Francisco congressional district. The other 434 Members of the House got the rest of the waivers, with the majority going to Democrat-controlled districts.

The Chairman of the conservative 180-member-strong House of Representatives' Republican Study Committee, Congressman Jim Jordan from Ohio, reported in the following press release that Medicare  --  which the Democrats have run into the ground, and now are refusing to reform  --  is running out of money faster than expected.  As a result, the Medicare trust fund will run out of money in the year 2024.  See Congressman Jordan's press release below:

Medicare Report Intensifies Need for Reform 

Medicare is running out of money even faster than expected. According to the latest report from its trustees, Medicare’s trust fund will run out in 2024 – five years faster than predicted just last year. The trustees also call the projected savings from ObamaCare “very uncertain” (an understatement, frankly), which means insolvency will come even sooner. When the trust fund runs out, Medicare will be forced to cut benefits.

Treasury Secretary Tim Geithner himself admitted, "if we do not do more to contain health care costs, our commitments will become unsustainable." Reforms in the House Republican 2012 budget would save this Medicare without changing a thing for Americans 55 and older. Younger Americans, for whom the current system is already a pipe dream according to the trustees’ report, would enter into a solvent premium support system similar to the health insurance available to members of Congress and other federal employees. Sadly, Democrats would rather run a "MediScare" campaign than solve the problem.

As Budget Committee Chairman Paul Ryan says in today’s Chicago Tribune, this isn’t the debate you deserve.

God Bless,

Congressman Jim Jordan
Chairman, Republican Study Committee

Syndicate content