Tuesday, April 24, 2007

National Committee Reaction to Social Security & Medicare Trustees Report

Barbara B. Kennelly, NCPSSM President/CEO says:

“The Medicare funding warning included in this year’s Trustees Report is just the latest of many ticking time bombs hidden in the pages of the Medicare Modernization Act of 2003. This warning is arbitrary and completely ignores the real challenge facing Medicare, which is the sky-rocketing cost of our nation’s healthcare system.

Arbitrary budget cuts, privatized healthcare plans and industry slush funds are just a few of the MMA provisions which significantly weaken Medicare’s financial outlook. The financing problems Medicare faces can not be solved by dismantling the program. Mandating cuts based on an unrealistic target will hurt beneficiaries and ultimately destroy this vital program.”

The projected dates for when the Social Security and Medicare trust funds will be exhausted have also been pushed back one year. Here is the link for the Social Security Trustees Report.

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