I want my constituents, especially seniors, to know the impact the Republican-backed budget proposal would have on Medicare. Simply put, the plan written by Rep. Paul Ryan (R-Wis) would end Medicare as we know it. The proposal would increase health care costs for seniors by as much as $6,000, while giving tax breaks of up to $200,000 to those in the highest income brackets. The Ryan plan puts insurance companies in charge of seniors' health care and provides billions in tax breaks to huge multinational corporations that continue to ship good American jobs overseas.
Recently Alan Blinder, former Vice Chairman of the Federal Reserve, stated in the Wall Street Journal, "The [Ryan] plan threatens to eviscerate Medicare by privatizing it--with vouchers that, absent some sort of cost-control miracle, would fall further and further behind the rising cost of health insurance. And to make that miracle even less likely, House Republicans want to repeal every cost-containment measure enacted in last year's health-reform legislation."
While I adamantly oppose the Ryan Plan, I want my constituents to know that I am committed to working with both parties to cut the deficit responsibly. But the cuts cannot be made at the expense of our seniors. I remain committed to preserving Medicare and Social Security and the services they provide.