On the recordJanuary 18, 2011
You know, on the first point that you have there, I actually went before the Rules Committee--I guess it wasn't last week. It was 2 weeks ago now because last week we had the tragedy of our colleague from Arizona--and I had an amendment that actually said that the repeal would not go into effect if it actually negatively impacted solvency. It actually is 12 years. In other words, the bill, the health care reform, added 12 years of solvency to the Medicare trust fund. In other words, with the repeal, insolvency would begin in 2017. So this pushes that day of reckoning back, when there is not enough money to pay out, another 12 years.
Source
govinfo.gov
