Wednesday 18 July 2012

Vice President Biden Speaks To Seniors About Retirement Security

The United States Vice President has expressed in front of more than hundred community legends from all over the country that indicates nearly sixty senior groups those who are the part of the Leadership Council of Aging Organizations. Vice President expressed his suggestion to the throng regarding the Social Security and Medicare “the question is what we are going to do to strengthen and sustain these programs now and for the future.”

In reciprocal, Congressional Republicans are attempting to dismantle or to avert these programs. In the previous year, Congressman Paul Ryan has forced to finish traditional Medicare. The Vice President Bidenhas plan to embrace by his Republican colleagues, would give seniors a voucher to buy private insurance and hold them responsible for any costs that exceed the value of the voucher.  

In the conclusion, the distinctive sixty five year old convert the health care costs that would double over some period. In the time if Congressman Ryan commenced a revised scheme in this year and still relies on a voucher system that soar the financial burden on seniors. President Obama and Vice President Biden desires to pick up the Medicare and protect the program in the future. 

Our health care law extends the existence of Medicare by eight years by taking stylish steps like cutting fritter away and fraud and creating incentives to cut downhill on hospital readmissions. These steps will set aside seniors in traditional Medicare a typical of $160 on premiums and copays in 2012 alone. In further, the law has already saved 5.3 million seniors a normal of $600 on prescription drugs by closing the “donut hole,” and has ensured that greater than 30 million have admittance to free of charge preventive services like cancer screenings and yearly wellness visits. 

As the Vice President said today, when it comes to preserving these vital programs, we “refuse to shift the burden… onto the backs of the people who worked so darn hard their whole life, who earned their retirement.”

Keywords: white house usa, white house news, white house America, obama speech, obama news, obama election, President obama, obama plan

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