"...everyone here knows that the trustees have stated that in 2017 Medicare will be absolutely insolvent. The fact that we are taking $464 billion in savings out of Medicare to leverage a new entitlement, to me, is totally irresponsible. The other piece of this that is extremely troubling is that we all know we have the issue of Sustainable Growth Rate, the “doc fix,” which is a colloquial term to describe the fact that in a year after this bill passes physicians across this country will be receiving a 23 percent cut for serving Medicare recipients. It means recipients will have less physicians to deal with the needs they’re going to have at that time. This bill, instead of dealing with that issue, deals with it for one year." - Senator Bob Corker
12/2/2009 - Corker: Taking $464 Billion In Medicare Savings To Leverage A New Entitlement Is Totally Irresponsible - Breaking News - Chattanoogan.com
Isn't he correct? Does it make sense to take money out of a program (Medicare) that is already in trouble and will be insolvent in 2017 to pay for a new entitlement plus reduce physician reimbursement for that same program by 23 percent?
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