Neal Statement on 2018 Medicare and Social Security Trustees Reports
WASHINGTON, DC – Ways & Means Committee Ranking Member Richard Neal (D-MA) today released the following statement on the 2018 Medicare Trustees Report and 2018 Social Security Trustees Report:
“In alarming news today, Administration policies in President Trump’s first year have reduced the life of the Medicare trust fund by three years. With their repeated efforts to sabotage the nation’s health care system, including their irresponsible tax law, congressional Republicans and President Trump are purposefully running Medicare into the ground. Today’s report projects that without any intervention, Medicare’s expenditures will outpace the economy and monies paid into the program. Instead of working to find solutions that will lower Medicare’s costs and provide Americans with care at a better value, President Trump is simply doing nothing. That’s unacceptable.
“Meanwhile, Social Security remains financially stable for the millions of Americans who rely on their earned benefits for economic security. While Republican leaders seek to slash Social Security, I will continue to work on finding solutions to strengthen and preserve the benefits, and defend retirees from cuts.
“Both Medicare and Social Security are benefits that Americans pay into and earn over decades of hard work. Congress must act responsibly and strengthen these programs for today’s workers and generations to come."