Senate health committee Chairman Lamar Alexander made the following statement on Tuesday’s Congressional Budget Office report projecting that Medicare’s hospital insurance trust fund will be exhausted in 2026:
“Millions of Americans are counting the days until they are eligible for Medicare, and today’s Congressional Budget Office report tells us that in just 10 years Medicare won’t be able to help seniors pay all of their hospital bills.
I hope the president seizes on today’s grim news as an opportunity to take advantage of Republican and Democratic ideas – such as the reforms included in the Fiscal Sustainability Act – to help rescue seniors facing a bankrupt Medicare program.”