Today, Congressman Dave Camp (R-Midland) made the following statement upon the release of the 2013 Medicare and Social Security Trustees Report. According to the report, at the current rate Medicare will go bankrupt in 2026 and Social Security will not be able to pay full benefits in 2033.
"These programs face great challenges, and addressing these challenges requires that we work together. With more than 10,000 Baby Boomers becoming eligible for benefits each day, this Committee has been examining bipartisan reforms to protect and preserve these programs. It is our responsibility to make sure Medicare and Social Security provide current seniors and future beneficiaries the security they earned and deserve."