Republican Doctor’s CaucusPerspectives Tuesday, July 19th, 2011
As stated in the recent release of the 2011 Medicare Trustees Report, the Medicare Part A Trust Fund will be bankrupt in 2024, five years earlier than was reported one year ago. We can no longer afford to be complacent. The system is broken, and the time to act is now. As members of the House Republican Doctors Caucus, we implore you to work with us to find a solution, and help save Medicare for future generations.
Without meaningful spending reforms, the United States runs the risk of a sharp decline in both its economic strength and the standard of living of our citizens. It is undeniable that this Congress cannot tackle meaningful reform without strengthening the Medicare program. In Fiscal Year 2010, Medicare expenditures accounted for roughly 13% of the overall budget, and that number is expected to climb rapidly in the coming years. Earlier this month, former President Bill Clinton echoed these sentiments at the Peterson Foundation’s Fiscal Summit, when he argued that Democrats need to tackle Medicare reform, stating “You cannot have healthcare devour the economy.” READ FULL ARTICLE