posted on September 09, 2011 12:47
Congresswoman Kathy Hochul and President Barack Obama agree: Medicare and Medicaid need to be altered, to ensure they last into the future.
Obama last night unveiled his American Jobs Bill, a nearly half-trillion dollar package designed to boost the economy by providing tax cuts to small businesses and working individuals, while putting more money into stimulus-like infrastructure projects that create construction jobs.
During his speech, the President indicated that the plan will be paid for at least partially with spending cuts, including what he called "modest adjustments" to Medicare and Medicaid.
"With an aging population and rising health care costs, we are spending too fast to sustain the program," Obama said.
Kathy Hochul, while pleased with the overall tone of the speech, took issue there.
"I don't support cutting beneficiaries," she said in an interview with WBTA News this morning. Hochul has been a staunch supporter of the government health programs, and says the problem lies in the fat that needs to be cut.
"We need to take action to make sure this program is sustained, but that involves cutting the underlying costs of healthcare that are making Medicare so outrageously expensive," she said. Hochul has repeatedly stated in the past that if the government buys at bulk in the prescription drug market, that will drive down the overall cost of medications.