Statement from Social Security Works on the GOP Death Panel Enactment Bill
Republicans have wasted little time declaring war on seniors.
The new GOP plan to gut the Affordable Care Act will give massive tax breaks to the wealthy at the expense of the poor, elderly and sick. It does this by raiding $346 billion from the Medicare trust fund to pay for giveaways to the wealthy, and in turn intentionally weakens Medicares finances.
Immediately after Election Day, Paul Ryan justified his plan to gut Medicare by saying, because of Obamacare, Medicare is going broke. Of course this couldnt be further from the truth. ACA has in fact extended the lifespan of the Medicare Trust Fund. But the GOPs plan is a self-fulfilling prophecy: Weaken Medicare in order to destroy the program through privatization.
The bill removes protections that limit the amounts health insurance companies can charge older Americans. This would be particularly devastating to people in their fifties and early sixties, who aren't yet eligible for Medicare.
The bill also threatens the financial security of millions of families due to cuts in Medicaid. About 10 million seniors are dually eligible for both Medicare and Medicaid―with Medicaid covering the majority of long-term nursing home costs for low-income seniors. Cuts to Medicaid would deprive millions of seniors of needed nursing home coverage, forcing families to scramble to either make up the difference or provide in-home care instead. The bottom line is that this bill would make insurance more expensive and lower quality for millions of Americans―starting with seniors.
Together we must fight any attempt to destroy Medicare and Medicaid―threatening the healthcare and financial security of millions of Americans.
Thank you,
Michael Phelan
Social Security Works