If we don’t act soon, those who rely on them most could be left without the assistance they’ve been promised. And there would be nothing left for future generations.
These programs are so big – they comprise nearly 2/3 of federal spending each year. Reforming and preserving them are a key part of solving our current debt crisis.
In order to preserve and protect these programs, Todd supported legislation that would responsibly and slowly reform them. If we act now, we can afford to include exemptions that won't disrupt anyone's retirement. The longer Washington waits, however, the larger the problem becomes.
This past year, Todd authored and passed into law the NOTICE Act. Prior to the NOTICE Act, seniors faced unexpected medical costs upon returning home from the hospital since they may not be told up-front their "patient status". The NOTICE Act requires hospitals to inform patients up-front of their patient status in order to avoid seniors being hit with thousands of unexpected medical costs.
Here are more specific details on the legislation Todd has supported in regards to Medicare, Medicaid and Social Security:
As a member of the Ways and Means Subcommittee on Social Security, Todd is actively involved in efforts to streamline the program to more efficiently use taxpayer dollars and to reduce the waste, fraud, and abuse that eats up funding for Americans who need Social Security.
As a member of the Budget Committee, Todd helped develop a plan for Medicare that would leave current benefits in place for at or near retirement age. For those who still have time to plan their retirement years, however, the program would allow more flexibility in choosing a health insurance plan. Instead of making payments to medical providers, Medicare dollars would be used to pay your insurance premiums. This is exactly like the health care provided to federal employees and members of Congress. Also, by limiting the benefits available to upper income seniors, we can provide even more generous coverage to lower income and chronically ill seniors who most rely on the program.
In 2011, Chairman Paul Ryan asked Todd to unveil the Budget Committee's plan for Medicaid at a nationally televised press conference. The plan would convert Medicaid into a block grant system to states. Instead of dictating how they spend their Medicaid dollars, it would give them the flexibility to create a plan that worked for their residents, such as the Healthy Indiana Plan right here at home. Not only would such freedom help states and the federal government save money, it would also increase assistance available to lower income Americans.