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Uploaded on Apr 14, 2011
On April 14, 2011, Congressman Joe Courtney spoke on the House floor, slamming the GOP�s 2012 budget, which was proposed by Rep Paul Ryan (R-WI). Courtney warned that vouchering the Medicare system as proposed, would roll back the clock to a time when Seniors, as part of a high risk market, were uninsurable and were subject to massive out-of-pocket costs for health care. He urged members of the House to preserve and protect a guaranteed benefit for seniors.
Thank you, Mr. speaker. Mr. speaker, in 1965 when Medicare was passed, only 50% of America�s seniors could support or buy health insurance. Mr. That was not an accident. It was because the high risk of people over age 65 made that market basically uninsurable. I�m from Connecticut. We know a little bit about insurance in the State of Connecticut, and looking at the Ryan republican Medicare plan which would give seniors vouchers to go out and buy insurance, all we're doing is repeating history which is where this country was in 1965. We must protect a guaranteed benefit for seniors. We learned that lesson throughout the early 1900's through 1965. The Ryan plan takes us back to a time when seniors will be paying massive out-of-pocket costs. CBO estimates it will triple out-of-pocket costs for seniors. It is the wrong way to go. president Obama�s plan that he laid out yesterday, which is a thoughtful, intelligent approach to lower health care costs but protects a guaranteed benefit for seniors, is what this country needs and what our senior citizens need. I yield back the balance of my time.