By law, if more than 45 percent of Medicare spending is projected to come from general revenues (as opposed to dedicated revenues such as payroll taxes and beneficiary premiums), then President Obama is legally required to send a legislative proposal to Congress addressing Medicare’s looming insolvency within 15 days of presenting his budget.
For four straight years, this ‘Medicare trigger’ has been reached. And for four straight years, Obama has failed to submit a plan addressing our imminent Medicare crisis. Today, House Budget Committee Chairman Paul Ryan, R-Wis., and Senate Budget Committee Ranking Member Jeff Sessions, R-Ala., sent a letter to Obama demanding to know where his Medicare plan is. The letter reads in part:
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