shaping the new financial architecture…

Medicare, right now, has a $38 trillion unfunded liability

Posted in progress by Kitty on February 28, 2010

Rep. Paul Ryan made the opening statement for Republicans at the White House health care summit last week… openly discussing the costs and funding models for reform is critical.

Here is what Rep. Ryan said in the video above…

“Mr. President, you said health care reform is budget reform. You’re right. We agree with that.

Medicare, right now, has a $38 trillion unfunded liability.

That’s $38 trillion in empty promises to my parents’ generation, our generation, our kids’ generation.

Medicaid’s growing at 21 percent each year.

It’s suffocating states’ budgets.

(more…)

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