On the recordMarch 25, 2015
we all know Medicare is on an unsustainable course. Independent actuaries at the Centers for Medicare and Medicaid Services--CMS--estimate that, over the next 75 years, the program has $35 trillion--that is with a T--in unfunded obligations. CBO says that, without reforms, Medicare's hospital insurance trust fund will be insolvent early in the decade following 2025. And according to the Medicare trustees themselves, the hospital insurance trust fund could be insolvent as early as 2021. At that time Medicare will no longer be able to pay out full benefits to seniors. We need to reform Medicare in order to save Medicare. We have a moral obligation to put Medicare on a sustainable path. It is crucial we ensure its solvency into the decade if we want to keep the promise we have made to those at or near retirement. That is where we are, and that is about all I am going to say about it. The PRESIDING OFFICER. Who yields time in opposition? There is 45 seconds remaining in opposition to the amendment.
