The National Committee to Preserve Social Security and Medicare (NCPSSM), joined by the Alliance for Retired Americans, delivered 48,000 petitions today signed by National Committee members throughout the nation asking the Senate to eliminate or reduce billions in insurance industry subsidies to private Medicare providers and to strengthen the traditional Medicare program.
Medicare beneficiaries also waved $2 bills to symbolize the extra money they pay each month in Medicare premiums because of these industry subsidies.
The Senate Finance Committee is considering legislation that could include cuts to billions of dollars in subsidies to private insurers. These overpayments will cost the federal government $149 billion dollars over the next decade and cut two years from Medicare's solvency. Seniors want Congress to reduce those subsidies to improve and strengthen Medicare for future generations. Contrary to what the insurance industry claims, cutting industry subsidies is not the same as cutting Medicare.
Featured here is Edward F. Coyle, Alliance for Retired Americans Executive Director.
Link to this comment:
All Comments (0)