the Federal Government's role has shrunk over the past few years.
Editor's note · Context
Conrad notes the diminishing role of the Federal Government in various sectors.
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I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.
We did have a chance to look at what you and the Congressman have offered, and we think that makes a significant contribution to this discussion and debate, and we appreciate that.
I would just say in this whole area of lifetime income options, there is a tremendous opportunity here.
What happens is those people, if the children are not able to care for them, they are going into institutions, but where is that being paid for? Overwhelmingly, it is being paid for out of Medicaid accounts.





