Speaker of the House Paul Ryan (R-WI) said Thursday that Congress needs to “preserve and shore up” Medicare for younger Americans because “it won’t be there for us if we stay on the current path.”
“We are going to have to do things to preserve and shore up this program,” Ryan told reporters during his weekly press conference on Capitol Hill.
“Mind you that Obamacare itself does a lot of damage in our opinion to Medicare. Obamacare itself puts this new board of 15 bureaucrats – the IPAB [Independent Payment Advisory Board] – in charge of cutting Medicare in ways that would lead to deny[ing] care for seniors.
“Medicare itself is on a path to going bankrupt by 2028, I believe off the top of my head. So the trust fund is exhausted in the next decade. So we are going to have to do things to preserve and shore up this program,” Ryan said.