Members of the GOP Doctors Caucus today reacted to the release of the 2012 Medicare Trustee Report with calls for the program’s reform. For the second time, the report concludes that Medicare will go bankrupt by 2024, if not earlier. The annual study also warns, for the third year in a row, that President Obama’s health care law will adversely affect patients’ access to Medicare services.
Despite the administration’s claims, these findings underscore the need for changes to Medicare to ensure its survival. The GOP Doctors Caucus has repeatedly called for politicians and special interests groups to acknowledge the crisis and work together now to save the Medicare program.
Rep. Phil Gingrey, M.D., Co-Chair stated “Today’s report reinforces the danger that seniors face in the coming decade. Without reform, this program will cease to exist not only for future generations, but for millions of Americans who are paying into it, and relying on it, today. While the Medicare Trustees announced a 2024 bankruptcy date, my physician colleagues and I released a report last week that found Medicare Hospital Insurance could become insolvent as early as 2016. Neither of these projections are good news for America’s seniors, who deserve more from President Obama and Congress. We are running out of time; enacting reforms to save Medicare, rather than politicizing it, is critical.”