Congress will soon be looking at reforms to Medicare and Social Security. Congressman Blaine Luetkemeyer says without changes Medicare will likely go broke during the next presidential term.
House Speaker Kevin McCarthy announced he plans to form a bipartisan commission to study Social Security reforms. Luetkemeyer says Social Security is easier to keep solvent, as long as the government updates actuarial tables to determine what will be paid in and out. Medicare will be more difficult to fix due to continued rising costs of health care.
Leutkemeyer says he doesn’t have the answers.
He did say that privatizing Medicare could drive down costs and improve outcomes.