I will never turn Medicare into a voucher. No American should ever have to spend their golden years at the mercy of insurance companies. They should retire with the care and dignity they have earned.
It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label.
Medicare in particular, will run out of money, and we will not be able to sustain that program.
We right now give $15 billion every year as subsidies to private insurers under the Medicare system. Doesn't work any better through the private insurers. They just skim off $15 billion.
We can't get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can't just do it by making seniors pay more for Medicare.
If we are enforcing what should be the rules around Medicare and making sure the people are getting the bang for the buck, it's not going to be possible for insurance companies to simply pass on those costs to Medicare recipients, because ultimately it's Uncle Sam that's paying for those services anyway.
People who have health insurance are benefiting in all sorts of ways that they may not be aware of, everything from no longer having lifetime limits on the claims that they can make to seniors getting prescription drug discounts under Medicare to free mammograms.
The rise in health care costs since Obamacare, the Affordable Care Act was passed, have been at their lowest rate in 50 years. Those savings have extended the Medicare trust fund by 11 years. So we've got a baseline of facts.So it is true theoretically that all that progress can be undone, and suddenly 20 million people or more don't have health insurance.
John Conyers and I were the ones who wrote the bill that provides for Medicare for all. And, so, even though the single-payer plan is not what's before the Congress, to expand Medicare, so that people 55 and up would be - would have the chance to buy in, that's - that would be a step in the right direction, no question about it.
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