Medicare Seniors Cannot Afford The Reid-Pelosi Plan

Floor Speech

Mr. FLEMING. Mr. Speaker, Democrats in the Senate are desperately looking for 60 votes for health care, so desperate that, in a new report released last week, the chief actuary of Medicare found the Reid-Pelosi bill would cause many physicians to stop treating seniors because of $465 billion in cuts to the Medicare program.

Unfortunately for Medicare beneficiaries, the CMS actuary also found that 20 percent of hospitals and nursing homes would go into the red within the next 10 years due to these cuts, seriously threatening the ability of seniors to rely on these institutions for their care.

As if that were not enough, the Reid bill would also cut payments to Medicare Advantage plans by roughly $120 billion, plans that 11 million seniors enjoy today. These cuts, according to the actuary, will result in 3.7 million seniors losing benefits under Medicare, causing many to pay more out of pocket each month for the drugs and services they lost. The.

Reid-Pelosi bill will make it harder for seniors to find treatment or afford care when they are sick.

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