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Representative David Schweikert - Vice Chairman

Senate Bill’s Medicare Savings and New Taxes Could Increase Solvency

Senate Bill’s Medicare Savings and New Taxes Could Increase Solvency

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If the new Medicare tax increases and cost savings proposed in the Senate's Health Care bill were directed into the Medicare HI Trust Fund, instead of funding a new entitlement program, Medicare's 75-year unfunded liability would be reduced by $4.3 trillion or 32%, moving the programs insolvency from 2017 to 2023.

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