This week the House of Representatives is expected to vote on H.R. 3076, legislation which raids our nation’s Medicare system to the tune of $5.6 billion over the next ten years according to the Congressional Budget Office. Americans for Limited Government President Richard Manning issued the following statement:

“This is disastrous. Just six months ago, the Centers for Medicare and Medicaid Services reported that Medicare will be depleted in 2026 writing, “… current-law projections indicate that Medicare still faces a substantial financial shortfall that will need to be addressed with further legislation.

“This massive expense dump on Medicare will have the dual effect of accelerating the senior health care program’s bankruptcy, and increasing the costs associated with any rescue plan.

“Dumping U.S. Postal Service (U.S.P.S.) retiree health care obligations into Medicare will not only make the Medicare solvency crisis more difficult to solve. Pushing the effects of bad contracts negotiated with the postal workers union over the years onto the Medicare Trust Fund is cynical politics at its worse and must be stopped.

“The Government Accountability Office has already found in 2020, that, ‘USPS’s current business model is not financially stable” with almost $78 billion in the past 13 years.’ Shifting their retirement health care costs over to Medicare merely puts a band aid on the post office’s financial woes, but it puts a dagger in the heart of Medicare solvency with higher payroll taxes and cuts in Medicare benefits for retirees the inevitable outcome.

“Americans for Limited Government urges the House of Representatives to stop this special interest raid on Medicare under the guise of ‘postal reform.’”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s