Hoyer Statement on Social Security and Medicare Trustees Reports

For Immediate Release:

May 13, 2011

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 Trustees Reports show that the Social Security and Medicare programs have the resources to meet their obligations well into the next decade, but have taken a hit due to economic conditions. The programs will be solvent into the next decade, due in part to the enactment of the Affordable Care Act, which strengthened Medicare by taking significant steps to constrain cost growth through innovative delivery system and payment reforms that will increase efficiency, improve quality, and generate long-term savings for both beneficiaries and the government. According to the Trustees, Medicare’s financial outlook was substantially improved by this critical law.

"However, today’s reports also serve as a reminder that we must continue our efforts to strengthen our entitlement programs and ensure their solvency for generations to come. I will support responsible reforms designed to keep our entitlement programs strong. But the Republican budget plan, which ends Medicare as we know it and raises costs for seniors, is not the solution. We must also make sure that we protect Social Security and ensure its strength for generations to come."

###