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Wednesday, April 20, 2011

postheadericon Missing details in Obama's Medicare plan

Dear Mr. President,

We are encouraged that you agree with us that reforming the Medicare program is a critical component of tackling America’s debt crisis.

Medicare, if left on its current path, will see its Hospital Insurance Trust Fund go bankrupt in 2020 and will be unable to provide benefits for future generations of Americans â€" and outcome we will not accept. As such, we appreciate your willingness to put forth Medicare reform concepts in your speech earlier this week.

However, as our Committees seek to reform the Medicare program, we require much more information before we can properly consider the savings tarets you have proposed. You referenced $340 billion in Medicare and Medicaid savings by 2021, $480 billion by 2023, and “at least an additional $1 trillions in the subsequent decare” but it is unclear from where or how those rductions in spending are achieved.

With regard to the following policy areas, we! have several questions for which we respectfully request you provide answers.

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