On the recordApril 5, 2005
I represent a community where it is not just the poor we are concerned about; it is the regular middle- to lower-middle class who are struggling. I have hundreds of thousands of senior citizens in south Florida who struggle every single day because Social Security for the vast majority of them is their primary source of income. They are much more focused. It is what I hear when I am stopped at a picnic or at the supermarket. They are concerned about how they are going to pay for their medication. Some of them cannot even make their co-payments. They are concerned about the increase in their premiums for Medicare that just happened. That is the handwringing that is going on. They are not that concerned about a problem that does not face them for another 37 years. Quite honestly, in the senior citizen community, most of them realize 37 years is not something they are going to have to worry about. But 2017 is when the Medicare trustee report says is the point at which we would literally be paying out more in Medicare benefits than we are bringing in in premiums. That is a serious problem.
Source
govinfo.gov




