On March 11th 2021, President Biden and Republicans got together to discuss the future of funding Medicare. President Biden has proposed an $8.3 trillion budget that appears likely to get bipartisan buy-in and fund Medicare over the next decade.
President Biden states that Medicare should be self-sustaining, as he believes it’s an essential part of Americans’ safety and security. He plans to pay for this budget by raising corporate taxes, capping tax deductions for wealthy Americans, and eliminating fossil fuel subsidies.
At the same time, Republicans have their own view on how Medicare should be funded. They oppose the proposed budget, claiming that Biden’s plan would raise taxes too much, and reduce incentives for businesses to invest in the U.S. economy.
Instead, Republicans suggest that the budget should focus on providing funds for services that benefit Americans, such as health care, education, and infrastructure. This would involve exploring ways to increase Medicare’s efficiency, such as streamlining the payment process, reducing administrative costs, and making sure that there are sufficient funds to provide the services needed by Medicare recipients.
Ultimately, both sides agree that Medicare needs to be adequately funded so that it can remain a reliable resource for American seniors. Despite their disagreements, President Biden and Republicans are continuing to work together to determine the best way to meet this goal. With any luck, they will be able to come to a mutually beneficial deal soon. [ad_1]
NPR’s Michel Martin speaks with Kaiser Wellbeing Information correspondent Julie Rovner about the politics of Medicare forward of personal debt ceiling talks in Washington.
Copyright © 2023 NPR. All legal rights reserved. Check out our site phrases of use and permissions internet pages at www.npr.org for more information and facts.
NPR transcripts are designed on a rush deadline by an NPR contractor. This text may possibly not be in its ultimate form and may be up-to-date or revised in the long run. Accuracy and availability may perhaps change. The authoritative report of NPR’s programming is the audio file.