On the recordSeptember 28, 1995
Medicare is a 1965 Blue Cross/Blue Shield program that was started by Lyndon Baines Johnson and is frozen in time. According to the President's board of trustees, it is going broke by 2002 and it does not matter if we had a balanced budget and we had no tax cuts, the plan is still going broke by 2002. Now, health care in the private sector has improved in the last 30 years, but Medicare is frozen in time. We have a plan not only to preserve and protect Medicare, but we are also going to allow additional options to seniors. We also have a increase in spending from $4,800 per year to $6,700 per year. Mr. Speaker, I think we not only need to have Medicare reform, but I think we need to have remedial math, too, because going from $4,700, excuse me $4,800 to $6,700 per year per beneficiary is an increase in spending and not a cut. I urge my fellow Congressmen to vote for Medicare reform.
Source
govinfo.gov
