Corker, Senate Republicans to Reid: Securing the Solvency of Medicare Must Be a Priority in Health Care Reform

WASHINGTON - U.S. Senator Bob Corker (R-TN) today sent a letter signed by ­35 Republican senators to Senate Majority Leader Harry Reid (D-NV) which states: “Securing the solvency of Medicare and protecting this critical health care program for our seniors must be a priority as we develop and consider legislation to improve our health care system.  We believe that any potential monies found through the reform of Medicare should only be utilized to secure the financial status of this programtaking money from one program with urgent solvency problems to fund a huge expansion of health care benefits for others is not sensible.”

The letter also says, “We all want health care reform but taking money from Medicare to fund a new entitlement program is not an acceptable solution.”


Senators who signed the letter include: Lamar Alexander (R-TN), John Barrasso (R-WY), Bob Bennett (R-UT), Kit Bond (R-MO), Sam Brownback (R-KS), Jim Bunning (R-KY), Richard Burr (R-NC), Saxby Chambliss (R-GA), Tom Coburn (R-OK), Thad Cochran (R-MS), Susan Collins (R-ME), Bob Corker (R-TN), John Cornyn (R-TX), Mike Crapo (R-ID), Jim DeMint (R-SC), John Ensign (R-NV), Lindsey Graham (R-SC), Judd Gregg (R-NH), Kay Bailey Hutchison (R-TX), Jim Inhofe (R-OK), Johnny Isakson (R-GA), Mike Johanns (R-NE), Jon Kyl (R-AZ), Mel Martinez (R-FL), John McCain (R-AZ), Mitch McConnell (R-KY), Lisa Murkowski (R-AK), Jim Risch (R-ID), Pat Roberts (R-KS), Jeff Sessions (R-AL), Richard Shelby (R-AL), John Thune (R-SD), David Vitter (R-LA), George Voinovich (R-OH), and Roger Wicker (R-MS).

 

 

 

A copy of the letter is attached and the full text is below:

 

Dear Majority Leader Reid:

 

 

As you are well aware, over 45 million senior citizens across the country depend on Medicare for their health care needs.  Unfortunately, Medicare’s long-term financial stability is in serious jeopardy.  A recent Medicare Trustee’s Report projects that the Medicare Trust Fund will be insolvent in 2017 – two years earlier than was projected last year.  This poses a serious threat to the viability of a program that is expected to cover almost 60 million in 2018.  In all, Medicare already has nearly $40 trillion in unfunded liabilities, and this number grows larger each year.  We all want health care reform but taking money from Medicare to fund a new entitlement program is not an acceptable solution. 

 

 

Securing the solvency of Medicare and protecting this critical health care program for our seniors must be a priority as we develop and consider legislation to improve our health care system.  We believe that any potential monies found through Medicare reform should only be utilized to secure the financial stability of this program.  Most Americans would agree that taking money from one program with urgent solvency problems to fund a huge expansion of health care benefits for others is not sensible.

 

 

While we all agree to the need for health care reform, the organizations and countries around the world that help America fund its debt are looking to us to solve the liabilities created by our insolvent entitlement programs and not use the monies from those programs to create additional entitlements.

 

 

 

We look forward to working with you in a bipartisan manner to prudently reform our health care system but oppose doing it in a way that increases the tremendous liabilities that exist with our other entitlement programs.

 

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