[Congressional Record Volume 157, Number 76 (Tuesday, May 31, 2011)]
[House]
[Page H3788]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SETTING THE RECORD STRAIGHT ON MEDICARE
(Mr. FLEMING asked and was given permission to address the House for
1 minute.)
Mr. FLEMING. Mr. Speaker, the CMS actuary just came out with the grim
news. Apparently the insolvency date of Medicare was just moved up 5
years to 2024--that is only 12 years from now--and will probably move
up further before we get there.
Furthermore, this is after one-half trillion dollars has been shaved
from current Medicare to extend the life of Medicare, and, as we all
know, that money is already infamously booked twice: once for middle
class insurance subsidies and the other to extend the life of Medicare.
The 2012 budget that passed the House with bipartisan support is the
beginning to the solution for this problem. It preserves Medicare for
those 55 and over and reforms it to a market-based system with lots of
choices for those under 55 today. Meanwhile, Democrats simply play
``mediscare'' on this issue and insist on doing nothing.
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