On the recordApril 14, 2011
I want to speak directly to the senior citizens of America and to those who want to become senior citizens. The Republican budget destroys, terminates Medicare as we know it today. Under the Republican budget, in 10 years Medicare will no longer exist as it is today, a guaranteed benefit available to every American who turns 65. It will be over. Instead, you will be given a voucher, a voucher that will be insufficient to pay for your health insurance, and there is no guarantee what that health insurance will be. Let me speak also to those who are on Medicare today. The Republican budget over the next 10 years removes three-quarters of a trillion dollars, $771 billion, from Medicaid. Medicaid provides services to the aged, blind, and disabled. Those senior citizens that are in nursing homes stand the risk of being thrown out of the nursing homes. I want to now speak to those who want to become 65, who want to live long enough to get into Medicare. If you are 55 years of age and younger, you will not have Medicare if the Republican budget becomes law. It is over. It is terminated. It is gone. Instead, you will be given a voucher to go talk to the insurance companies. And what will you talk about? You will talk about pain, pain, pain. They say that there is no tax shift in this. In fact, there is a $6,000 tax equivalent to every person 55 and younger. You are going to wind up paying an additional $6,000. {time} 2130
Source
govinfo.gov




