Neal Statement on Republican Depletion of Medicare Funding

WASHINGTON, DC— Ways and Means Committee Ranking Member Richard E. Neal (D-MA) released the following statement after the Congressional Budget Office (CBO) released a new report that shows that Republicans’ Big, Ugly, Law will deplete the Hospital Insurance Trust Fund 12 years earlier than previously estimated:

“In the latest blow from the Republican assault on health care, the Hospital Insurance Trust Fund, which pays for Medicare benefits, is being depleted by a staggering 12 years earlier than previously estimated. This report confirms Trump’s economy and Republicans’ Big, Ugly, Law, with their billionaire tax cuts and wealthy handouts, are putting lives at risk by drying up funding that covers critical care for seniors and people with disabilities.

“Despite their assurances otherwise, the facts prove once again that Trump and Republicans are cutting and sabotaging Medicare. Whether it’s from your wallet or your health care, they are looting every dollar they can to hand to the very top. As the effects from the greatest theft of health care in history continue to be exposed, the people will see this looting for what it is, and Democrats will do everything we can to not only reverse course but chart a better path.”

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