The findings of the Medicare trustees are alarming. Medicare's Hospital Insurance trust fund is expected to go bankrupt five years sooner than last year and was forced to redeem $32.3 billion in bonds last year so that it could pay medical claims. It is critical that the American people understand just how dire Medicare's finances are.
Herger emphasizes the urgent financial crisis facing Medicare.
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Considering the extent of the fiscal challenges facing the Medicare program as well as our country, it is essential that Congress consider all available options.
The issue of consolidation warrants this subcommittee's attention as all health care cost drivers need to be closely examined, especially in this challenging economic and budget environment.
This highlights a concern I have. The President and congressional Democrats clearly went out of their way during the legislative debate to hide the fact that this is a tax.
I am very disappointed with the lack of leadership and interest in this issue at the Centers for Medicare and Medicaid Services.
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