Stop Indiana HB1269 Save Medicare and Medicaid
Posted in the Valparaiso Forum
Since: Dec 07
#3 Feb 21, 2012
Rep. Rob Andrews (D-NJ) Statement at the Hearing on “
Health Care Law: Consequences for Indiana Families and
WASHINGTON, D.C.– Below are the prepared remarks of U.S. Rep.
senior Democrat on the Health, Employment, Labor and Pensions Subcommittee
Committee on Education and the Workforce for the
Law: Consequences for Indiana Families and Workers.”
Hoosiers Testify to Benefits of the Health Reform Law
Republicans’ plan to end Medicare and force seniors to find private insurance with the assistance of a voucher that decreases in value over time has an immediate impact on active workers’ retirement plans. Americans under 55 better start saving a lot more for retirement.
According to the Center for Economic and Policy Research, individuals who are 54 years old today would need to save $182,000 –$250 a week for the next 11 years – by the time they retire just to pay the additional costs imposed by the Republican plan. This amount is over and above what these individuals should already be trying to save for a normal retirement. For those younger than 5, the numbers are even more startling.
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