Social Security, Medicare, and Medicaid have been good for the country. However, these programs make up almost 60 percent of all federal spending. The cost of these programs will continue to increase as the Baby Boomer generation reaches retirement age. If we continue on our current path, the federal government will not have the resources to sustain these programs. Entitlement reform is necessary and must protect current beneficiaries while preserving the program for future generations. We can strengthen Medicare by giving beneficiaries more control over their health care, and empowering patients and their doctors, not the federal government, to make decisions about their needs. When addressing programs that are intertwined with people's livelihoods, we cannot rush to a decision without first assessing the benefits and drawbacks of any plan.
|1/8/16||Volatility And Losses Undermining Earnings (VALUE) Act|