WASHINGTON, DC – The House passed the first real entitlement reform in decades today, taking up legislation that will strengthen Medicare, improve health care for seniors, and provide real savings for taxpayers. House Speaker John Boehner (R-OH) highlighted these critical reforms at his weekly press briefing earlier today:
“Today, the House will pass legislation that’ll make real progress in strengthening Medicare. This is a bill that will provide better health care for seniors and real savings for taxpayers. The bill will permanently replace the so-called ‘doc fix’ budget gimmick with a system that’s more stable that rewards quality and innovation in the delivery of our health care. It will help ensure that seniors have access to their doctor, and put in place a stronger Medicare program to aid every American who are trying to care for their elderly parents.
“We’re also putting in place two structural reforms that will strengthen Medicare and put the program on a more sound financial footing. Over the long-term – the next 20, 30, 40 years– the bill will produce hundreds and hundreds of billions of dollars of durable savings for taxpayers. CBO confirmed it will result in a net deficit reduction for the taxpayers by the end of the second decade – far more after that. CBO also confirmed that the savings from the structural Medicare reforms ‘would increase rapidly’ in the second decade.
“This will be the first real entitlement reform that we’ve seen in nearly two decades, and that’s a big win for the American people. It was a true bipartisan agreement, and I want to thank Leader Pelosi and Democrat Whip Hoyer for their efforts in helping to put this together. I was pleased to hear the president would sign the bill, and I would urge the Senate to pass it expeditiously.”