Mr. COURTNEY. Mr. Speaker, last Wednesday the Congressional Budget Office came out with their new budget projections and analysis of last year. What it showed was that the Medicare program grew at the slowest rate since 1965 when the program was created.
As this chart shows, the cost growth for Medicare is coming down. As a result of that, there are $200 billion in new savings that we didn't know about the day before.
This is the smart way to balance our budget, by providing incentives for preventive care for more efficiency in the system, not butchering Medicare by turning it into a private health insurance program or raising the age of eligibility.
We can build on its success. We can stop sequestration by having a smart, focused health care policy which saves money for the American taxpayer, but protects America's seniors and people on disability.