Every major legislative initiative that has helped transform America was forged in the spirit of bipartisanship and cooperation, said U.S. Senator Mike Enzi, R-Wyo., in his recorded opening remarks for a Wyoming PBS roundtable discussion that took place last night on the future of Medicare & Social Security. Enzi highlighted the importance of Social Security and Medicare to the people of Wyoming and how the programs can be preserved for future generations. An excerpt from Enzi's is below.
"More is paid out each year for Medicare than is paid in by all those still working and the match from the employer. No money is being put away for those who are paying in and who someday will turn 65 and be eligible for Medicare. Medicare is an annual liability, not to mention, the biggest-growing future liability. Even though it is coming up short every year and adding to the deficit, the Health Care Reform bill took $716 billion from Medicare and put it into new programs. At the same time, the law put into place a new board that can dictate to Congress where to make cuts to make up for any shortfall. If Congress can't find cuts elsewhere, the cuts proposed by the new board will go into effect automatically. There isn't anywhere else to find that money than to cut payments to doctors and providers, hospitals, nursing homes, and home health."