WALLY HERGER: “Unfortunately, the program faces significant financial challenges and is slated to go bankrupt in 2024.”

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.

While I believe that market approaches hold great promise for improving the situation, my intent is to use the information we learn from this hearing as a starting point for further assessment of the consolidation issue.

The premium support model holds promise to place Medicare on sound financial footing while transforming and modernizing the program.

In order to protect the Medicare program for future beneficiaries, Congress must look beyond simply slashing Medicare provider reimbursements.