Friday, August 24, 2012

Medicare Trigger

From the Baltimore Sun:
"With all the political drama going on concerning Medicare from both parties, it baffles me that President Barack Obama has ignored his legal responsibilities regarding the "Medicare trigger." That trigger (covered under Section 1105 of Title 31 of the U.S. Code) is a forecast from the Medicare trustees that general revenues will be required for 45 percent or more of the program's outlays within a seven-year period, which signals that Medicare is financially unsustainable.
The president is required to respond to Congress, but though the Medicare trustees issued a warning in 2009, 2010, 2011, and again this spring, President Obama has ignored the law each year and failed to submit the required budgetary legislation to Congress."
Baltimore Sun, Obama ignores Medicare's plight, August 2012
blog comments powered by Disqus