On the recordMay 25, 2011
I rise today to talk about the proposed Medicare reform. I have found the debate to be fascinating because it is proceeding as if there had been no changes to Medicare recently. Anyone telling you that there have been no changes is not being straightforward. Sweeping changes to our Medicare system were debated and they were passed in the most partisan way possible--only Democrats voted for them--and they were signed into law by President Obama. The President's new law already puts this fundamental health care program in significant jeopardy. Some may come down to the floor, some may rise and say: Mike, you are all wrong about this. They will want you to believe that the $\1/2\ trillion in cuts to Medicare in the new health care law will actually extend the Medicare program. But in reality the health care law is not giving new life to this program at all. The Congressional Budget Office reports that Medicare will be insolvent in 2020, 9 years from now. Yes, that is right, complete insolvency in 9 years. That is the current plan voted on and signed into law by the President. That analysis does not even account for the $\1/2\ trillion cuts in Medicare to fund the health care law. Don't believe me? We have consulted the experts. The experts say the health care law counts, or attempts to count, the same dollar twice.…





