Nancy Pelosi: We Must Preserve Medicare

Back with you again from the American Society on Aging's annual "Aging in America" conference in beautiful San Francisco. This afternoon in a general session, Leader Nancy Pelosi took the stage to a standing ovation. Her remarks were centered around preserving Medicare, Medicaid and Social Security.

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About Medicare, which was signed into place over 46 years ago by President Lyndon Johnson, she said it is the mainstay of health security for older Americans. She quoted a staggering estimate that the average senior's cost for health care would go up by $6000 a year - for less benefits - if the new proposed federal budget is passed.

"We cannot allow this to happen," said Pelosi, stating that this is a question of American values. "We must be true to the principles of our founding fathers - life, liberty and the pursuit of happiness for all. We must honor our commitment to Medicare."

I don't know about you, but if my health care costs went up by $6000 in a year, I'd be devastated. If my parents, who are in their 80's, costs went up that much, they'd be bankrupt. How could American older adult's handle the kinds of changes the proposed federal budget is calling for?

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