Saturday, August 25, 2012

President Obama's Weekly Address 8/25/12: Preserving and Strengthening Medicare

WASHINGTON, DC— In this week’s address, President Obama spoke to the American people about the critical need to strengthen and preserve Medicare for our seniors and future generations, because those who have worked hard throughout their lives should not lose their homes or life savings just because they get sick. Through the President’s Affordable Care Act, nearly 5.4 million seniors have already saved an average of more than $700 on prescription drugs, preventive care services like mammograms are free without co-pay, and the President’s plan extends the life of Medicare by almost a decade by cracking down on waste, fraud, and overpayments. Republicans in Congress have put forward a very different plan that turns Medicare into a voucher program—under one plan forcing seniors to pay an extra $6,400 out of their own pocket for care-and effectively ends Medicare as we know it. The President believes that our seniors deserve better and will work with anyone to keep improving the current system to give our seniors the security and peace of mind they have earned.


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