Today, as Ranking Member McDermott said, half of all people with Medicare, 25 million older adults and people with disabilities, are living on annual incomes of $22,500 or less and spending about 15 percent of their household income on healthcare costs as opposed to 5 percent for those under age 65 who are not on Medicare.
McDermott highlights the financial struggles of Medicare beneficiaries.
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In my opinion, it could be one of the most important hearings we have held during my time as ranking member on the subcommittee.
We are trying to figure out where we are going as a country and how we can turn our investments and innovation into sustainable models moving forward.
It includes a new tool known as the rapid response mechanism that, when used, allows us to promptly raise concerns with the Mexican and Canadian Governments when there are allegations of worker rights violations.
The USMCA proved that bringing all stakeholders to the table--labor, workers, business, and members of Congress--can produce stronger trade agreements.
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