OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

The Imminent Medicare Catastrophe

Floor Speech

Date: June 15, 2011
Location: Washington, DC
Issues: Senior Citizens Entitlements and the Safety Net Health Insurance

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Mr. FLEMING. Mr. Speaker, we are at a great turning point in history when it comes to the survival of Medicare. The CMS actuary just informed us that Medicare will become insolvent in just 12 years. That means that if you're on Medicare, or expect to be on Medicare in the next 12 years, you need to think about how you will finance your health care after that period.

And what is the President's plan or the Democrat congressional plan? Sorry, there is no plan.

When asked, Mr. President, why no plan when the law requires you to have one? He said, and I paraphrase, that he would rather Republicans take the lead so he can demagogue ours. Never mind that ObamaCare takes one-half trillion dollars from Medicare to subsidize its crazy schemes.

The Ryan budget plan that was passed here in this Chamber has the only credible plan to save Medicare. It ensures traditional Medicare coverage indefinitely if you're over 54 years of age. It provides for a choice among many private plans with premium support based on financial need for those who are under. It is time congressional Democrats and the President step up on this vital issue.

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