the Clinton administration's Trustees Report on Medicare warns that the Medicare trust fund starts to go broke in 1996 and is bankrupt by 2002. House Republicans are determined to save Medicare by using new approaches, new management, and new technologies to improve it, preserve it, and protect it. The current Government-controlled Health Care Financing Administration system has a lot of waste and fraud. The General Accounting Office estimates $44 billion a year in Medicare and Medicaid fraud. We want to give senior citizens an incentive to fight waste and fraud by paying them 25 percent of any waste or fraud they find in their own bills. House Republicans want to strengthen and empower senior citizens. House Republicans will increase Medicare spending from $4,700 per retiree today to $6,300 per retiree in 2002. That is a 34-percent increase in Medicare spending per retiree. There is no proposed cut in Medicare spending. House Republicans will preserve the current Medicare system. We will create a series of new choices so senior citizens can control their own future. Mr. Speaker, together we can create a Medicare system that offers the best care at the lowest cost, with senior citizens having the greatest control over their own health care.
Editor's note · Context
Discussing Medicare funding and reforms during a House floor speech.
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