The 2017 Medicare Trustees Report shows that Medicare solvency remains greatly improved since the enactment of the Affordable Care Act (ACA), with the Hospital Insurance Trust Fund paying full benefits until 2029. 

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Congress is targeting the health and financial well-being of America’s seniors by making yet another attempt to privatize Medicare.   Today the House Budget Committee is marking up the GOP’s FY 2018 budget resolution, which includes Speaker Paul Ryan’s “Medicare premium support” scheme – an innocuous name for turning time-tested senior health care coverage into “Coupon-Care.”  

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Seniors and other Medicaid beneficiaries can breathe a sigh of relief that the Senate’s harmful healthcare bill has collapsed.  We are especially grateful to Senator Susan Collins for opposing this bill since it would have decimated Medicaid, made health insurance unaffordable for 50-64 year olds, and ripped away health coverage from more than 20 million Americans. 

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The 2017 OASDI Trustees Report confirms that the Social Security Trust fund is stable and healthy for now, but faces challenges in the future if corrective action is not taken.  The most important figures remain consistent with last year’s report:  The combined OASDI (Old-age, Survivor, and Disability Insurance) trust funds will remain fully solvent until 2034, after which Social Security can pay 77% of benefits if there are no changes to the program. The Trustees report there is now $2.847 trillion in the Social Security Trust Fund, which is $35.2 billion more than last year --- and that it will continue to grow by payroll contributions and interest on the Trust Fund's assets.  

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On behalf of the millions of members and supporters of the National Committee to Preserve Social Security and Medicare, I am writing to endorse your bill, H.R. 2855, the Social Security for Future Generations Act of 2017.  The National Committee commends you for introducing this legislation, which extends the solvency of the Old-Age, Survivors and Disability Insurance Trust Fund through 2049. 

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