• News
  • Celebrities
  • Finance
  • Crypto
  • Travel
  • Entertainment
  • Health
  • Others

Sen. Harkin: ‘Take Medicare off the table’ in debt-ceiling debate

Congressional Republicans need to “take Medicare off the table” and deal directly with the nation’s debt-ceiling, U.S. Sen. Tom Harkin (D-Iowa) said Friday.

The attempts by national Republicans to connect discussions on raising the nation’s debt-ceiling and reforming Medicare is “absolutely irresponsible,” added U.S. Sen. Jack Reed (R-RI).

The two Democrats spoke to reporters on a conference call one day following a warning from Moody’s Investors Service that the nation’s credit rating is in jeopardy unless Congress acts soon to avert a default. Harkin and Reed indicated that productive discussions were being jeopardized by key Republicans who want to include “the GOP’s plan to dismantle Medicare.”

The GOP Medicare reform plan was approved in the Republican-controlled U.S. House as part of the budget developed by U.S. Rep. Paul Ryan (R-Wisc.). Both Ryan, who serves as House budget chairman, and Senate Republican Leader Mitch McConnell have insisted that the House-approved overhaul should be a part of ongoing negotiations concerning the debt-ceiling.

“Our message is simply: Take Medicare off the table,” said Harkin. “Let’s solve the default crisis, and let’s talk about fixing the system so that our middle class has a little bit better shape.”

Medicare is, he added, a “complicated, complex topic” that deserves its own discussion.

In essence, the GOP plan would replace Medicare with vouchers or subsidies that could be used to purchase private insurance. According to the Congressional Budget Office, “a private health insurance plan covering the standardized benefit would, CBO estimates, be more expensive currently than traditional Medicare.” The CBO estimates that by 2022 the cost of a Medicare-equivalent health insurance plan purchased from a private company for a 65-year-old would be $20,500. The same plan via Medicare would cost $14,500. Privatizing the system through the voucher system that Congressional Republicans have proposed would require seniors to pay an additional $6,000 per year in health care coverage costs (above the $6,500 out-of-pocket payments already required).

In the wake of widespread criticism for this and other aspects of Ryan’s budget plan — not to mention a resounding special election defeat in New York where the Republican budget served as a discussion centerpiece — Congressional Republicans have charged that they are at least trying to reduce entitlement expenses and that Congressional Democrats have no ideas or desire to address the issue.

No so, Harkin fired back Friday. Drug price negotiations, moving low-income Medicare recipients to the Medicaid program, and allowing time for recently passed health care reforms related to health care structure and prevention programs to kick in would all be cost reduction items that Democrats would find largely non-controversial, he said.

Discussion & Comments (0)

    Recent Articles

    • Things You Should Know about North America

      Things You Should Know about North America

      Get to know more about North America.

    • Eurovision 2010 Paula Seling Unpredictable Contest

      Eurovision 2010 Paula Seling Unpredictable Contest

      Paula Seling's experience on the Eurovision stage led her to declare that "Eurovision is an unpredictable contest". Which may explain the success of the young Lena from Germany, about whom the predictions before the event did not offer much chances for victory.

    • VIPRow.me - The Best Sports Streaming Website Today

      VIPRow.me - The Best Sports Streaming Website Today

      Have you ever contemplated creating a user-friendly site dedicated to sports-related free live streaming channels?

    • Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      XNXUBD 2022 Nvidia users are able to watch thousands of videos and other contents online. XNXUBD 2022 Nvidia New is a piece of software that enables people to watch videos online without having to pay for memberships. On a graphics card, the XNXubd also provides some of the best gaming and virtual reality experiences.

    • Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      A new edition of the Video Editor Apk for xVideostudio.Video Studio has all the latest features, including support for multiple video download formats in HD, FHD, and even 4K resolutions.

    • 9 Best Lotion For Masturbation - Popular Choice For 2022

      9 Best Lotion For Masturbation - Popular Choice For 2022

      Masturbation is a common activity for men and women. It's a natural and risk-free way to explore your body, experience pleasure, and release sexual tension.

    • Reasons Why You Need To Stop Watching Movies From Sflix

      Reasons Why You Need To Stop Watching Movies From Sflix

      Without having to sign up or pay anything, you can watch movies online for free with SFlix. It has more than 10,000 movies and television shows.

    • Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Collins (born May 11, 1997) is a rapper from the United States. Leray started publishing songs to SoundCloud in 2014, and in 2018 she released her breakthrough track "Huddy" as well as her first mixtape, Everythingcoz.

    • Listen And Download Music On MyFreeMP3 For Free

      Listen And Download Music On MyFreeMP3 For Free

      Are you in a bind and looking for a place to obtain free mp3 songs? Never again will you need to bother, since this article has everything necessary to obtain your solution. Download free music from MyfreeMP3.com, one of the world's most popular websites.