Hoyer Statement on Social Security and Medicare Trustees Reports

For Immediate Release:

April 23, 2012

Contact:

Daniel Reilly, 202-225-3130

WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today after the release of the Social Security and Medicare Trustees Reports:

“Today’s report by the Social Security and Medicare Board of Trustees demonstrates that both programs will continue to serve seniors and disabled Americans who rely on them well into the next decade. Because of the Affordable Care Act, which took significant steps to strengthen Medicare through cost savings and reforms that will improve quality and efficiency, the solvency of the Medicare Trust Fund was extended by eight years. Further, as evidenced by a report released this morning by the Centers for Medicare and Medicaid, the Affordable Care Act has also translated into savings and lower costs for Medicare beneficiaries and taxpayers that will total $200 billion in savings through 2016. However, Congress must do more, and it has an obligation to protect Social Security and Medicare to ensure they remain strong for generations to come.

“While Republicans would repeal the Affordable Care Act and are doubling-down on a budget that ends the Medicare guarantee, Democrats will continue to stand up for Social Security and Medicare.”

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