What does Mitch McConnell think about Medicare and Medicaid changes?
After instituting a $1.5 trillion tax cut and signing off on a $675 billion budget for the Department of Defense, Senate Majority Leader Mitch McConnell said Tuesday that the only way to …
Will Mitch McConnell call for ‘adjustments’ to Social Security?
Oct 16, 2018 · Senate Majority Leader Mitch McConnell on Tuesday blamed rising federal deficits and debt on a bipartisan unwillingness to contain spending on Medicare, Medicaid and Social Security, and said he ...
What would Mitch McConnell do if the GOP retains its majority?
Apr 09, 2019 · McConnell reiterated sentiments from his AHA conference speech in a tweet, referring to the policy as “Medicare for None” and claiming …
Will Democrats ever get on board with McConnell's plan to fix deficit?
May 02, 2020 · Senate Majority Leader Mitch McConnell sparked a political firestorm last week when he said U.S. states should file for bankruptcy, if need be, rather than taking federal aid, which could amount ...
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Apr 09, 2019 · Apr 09, 2019 - 10:10 AM. “Medicare for All” is a “raw deal” for the American people and taxpayers, Senate Majority Leader Mitch McConnell, R-Ky., said today during a plenary session at the AHA Annual Membership Meeting. He talked about how the Medicare for All proposals, which he called “Medicare for None,” would lead to more than 180 million …
What did Mitch McConnell say about the deficit?
Senate Majority Leader Mitch McConnell on Tuesday blamed rising federal deficits and debt on a bipartisan unwillingness to contain spending on Medicare, Medicaid and Social Security, and said he sees little chance of a major deficit reduction deal while Republicans ...
When was McConnell's luncheon?
Senate Majority Leader Mitch McConnell (R-KY) talks with reporters reporters after the weekly Senate Republican policy luncheon at the U.S. Capitol Aug. 4, 2015 in Washington, D.C.
Who is the director of the National Economic Council?
Larry Kudlow, the director of the Trump White House's National Economic Council, recently said he wants to take aim at "entitlements" as early as "next year.". A few months earlier, House Speaker Paul Ryan (R-Wis.) said he wants to see policymakers bring the budget closer to balance by cutting "entitlements.".
Who is Brett Arends?
Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others.
How long will Social Security be exhausted?
Without extra money, Social Security will exhaust its trust funds in 15 years, the trustees warn. Medicare’s Hospital Insurance fund will be exhausted in just six. Either taxes will have to be raised, the money will have to be borrowed, or Social Security and Medicare benefits will have to be cut.
How much is the average Social Security benefit?
The average Social Security benefit is $1,400 a month. Cutting that by 25% would take it down to $1,150. Even before the coronavirus crisis, the federal budget was a sea of red ink, The Trump administration was already forecasting about $5 trillion in extra deficit spending between 2020 and 2025.
What did McConnell say about Medicare?
McConnell emphasized that any significant changes to Medicaid, Medicare, and Social Security would need to get sign off from both parties. " It’s a bipartisan problem: unwillingness to address the real drivers of the debt by doing anything to adjust those programs to the demographics of America in the future," McConnell said.
What did Mitch McConnell say about the debt?
During an interview with Bloomberg on Tuesday, McConnell said that to get the federal budget deficit under control — the deficit grew ...
What is the deficit in 2018?
During an interview with Bloomberg on Tuesday, McConnell said that to get the federal budget deficit under control — the deficit grew to $779 billion in fiscal year 2018, the largest since 2012 — Congress needs to reform entitlements such as Medicare, Medicaid, and Social Security.
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What did Mitch McConnell support?
McConnell had supported the so-called SCHIP, or State Children's Health Insurance Program, in 1997. He now offered a "Kids First" bill to explain it, but opposed a Democratic measure that he said would "raise taxes on working Kentuckians to pay for well-to-do families in NY.".
Did McConnell say Kynect is a state decision?
While he criticized Medicaid expansion, he responded when asked if he would do away with Kynect: "It's a state decision. That's fine. I think it's fine to have a website. Yeah.".
Is the Dingell bill a compromise?
Rep. DINGELL: This is not a perfect bill, but it is an excellent bipartisan compromise. The bill provides health coverage for 3.9 million children who are eligible, yet remain uninsured. It meets the concerns expressed in the President's veto message [from HR976]:
Does HR976 put poor children first?
Like its predecessor, HR976, this bill does not put poor children first and it moves our country's health care system in the wrong direction. Ultimately, our goal should be to move children who have no health insurance to private coverage--not to move children who already have private health insurance to government coverage. As a result, I cannot sign this legislation.
What is the bipartisan bill for Part D?
This legislation is an overdue step to improve part D drug benefits. The bipartisan bill is simple and straightforward. It removes the prohibition from negotiating discounts with pharmaceutical manufacturers, and requires the Secretary of Health & Human Services to negotiate. This legislation will deliver lower premiums to the seniors, lower prices at the pharmacy and savings for all taxpayers.
Does ideological purity trump sound public policy?
Does ideological purity trump sound public policy? It shouldn't, but, unfortunately, it appears that ideology would profoundly change the Medicare part D prescription drug program, a program that is working well, a program that has arrived on time and under budget. The changes are not being proposed because of any weakness or defect in the program, but because of ideological opposition to market-based prices. Since the inception of the part D program, America's seniors have had access to greater coverage at a lower cost than at any time under Medicare.
What is the amendment to Medicare Part D?
Vote to adopt an amendment that would allow federal government negotiations with prescription drug manufactures for the best possible prescription drug prices. Amendment details: To ensure that any savings associated with legislation that provides the Secretary of Health and Human Services with the authority to participate in the negotiation of contracts with manufacturers of covered part D drugs to achieve the best possible prices for such drugs under Medicare Part D of the Social Security Act, that requires the Secretary to negotiate contracts with manufacturers of such drugs for each fallback prescription drug plan, and that requires the Secretary to participate in the negotiation for a contract for any such drug upon the request of a prescription drug plan or an MA-PD plan, is reserved for reducing expenditures under such part. Reference: Prescription Drug Amendment; Bill S.Amdt. 214 to S.Con.Res. 18 ; vote number 2005-60 on Mar 17, 2005
