Trump, Working with Speaker Ryan, Reneges on Promise to Seniors Not to Cut Medicare - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 17, 2016 Newswires
Share
Share
Post
Email

Trump, Working with Speaker Ryan, Reneges on Promise to Seniors Not to Cut Medicare

Congressional Documents & Publications

WASHINGTON, D.C. - Congresswoman Maxine Waters (CA-43), Ranking Member of the Financial Services Committee, condemned Republican plans to cut Medicare. Her statement follows:

"Even before President-elect Trump is sworn into office, Speaker Ryan is pledging to work with him to break the backs of American seniors by phasing out Medicare.

For years, Speaker Ryan has promoted a cold-hearted plan to dismantle Medicare as we know it. His plan would phase out this critical program and replace it with a voucher program, in which seniors would receive premium support payments to purchase health plans from private insurance companies. This is the plan the Speaker included in the House Republican budgets, and it is still discussed on his website.

However, cutting Medicare is not what President-elect Trump promised the American people. Throughout his campaign, Trump repeatedly vowed that he would not cut Medicare. He ran television ads in Pennsylvania, in which he stood in front of the camera and pledged to 'save Social Security and Medicare without cuts.' Back in December of 2015, Trump promised seniors at a rally in Manassas, Virginia, 'we're not going to cut Medicare.'

One might have expected Republicans to leave Medicare alone after last week's election. Yet Speaker Ryan said in an interview on Fox News that restructuring Medicare is part of his plan to repeal Obamacare. Now, in yet another flip, Trump's transition website states that he will 'modernize Medicare.' What both the Speaker and President-elect fail to mention is, when they say "modernize," they mean subjecting our nation's seniors to the private insurance market.

Medicare is a successful program that has provided quality health care to millions of American seniors since its creation in 1965. More than 55 million seniors depend upon Medicare in the United States, including more than 5.6 million in my home state of California, as well as 2.5 million in Pennsylvania and 1.3 million in Virginia, the states where Trump made his aforementioned campaign promises.

Medicare enables American seniors to see our doctors, obtain affordable prescription drugs, and get the quality medical care we need in our retirement years.

I call upon Speaker Ryan to promise that he will never again try to cut Medicare, and I call upon the President-elect to keep the promises he made to the American people and protect Medicare for seniors across this great country."

Read this original document at: https://waters.house.gov/media-center/press-releases/trump-working-speaker-ryan-reneges-promise-seniors-not-cut-medicare

Older

COLLINS CHALLENGES INSURER ON BEHALF OF PATIENTS, PHARMACIES

Newer

Casey Selected as Top Democrat on Aging Committee

Advisor News

  • A rising retirement challenge: The license to spend
  • Financial stress leaves less room for retirement saving
  • Giving while you’re living: 3 frequently asked questions about gifting
  • Helping clients prepare for one of their biggest retirement expenses
  • Important year-end financial conversations every advisor must have
More Advisor News

Annuity News

  • A rising retirement challenge: The license to spend
  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
More Annuity News

Health/Employee Benefits News

  • This Edina doctor isn’t dead, no matter what UnitedHealth told you
  • Healthcare workers see rising insurance costs
  • CHRISTUS Health Plan exiting Medicare Advantage in 2027
  • Healthcare workers see rising insurance costs Healthcare workers face soaring health insurance costs
  • US: Nebraskans Losing Coverage as Medicaid Changes
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • ICICI Life Insurance names Sidharatha Mishra managing director, CEO
  • Lawsuit alleges companies collected $30 million in ‘illegal wager on human life’
  • Florida suspends Atlantic Coast Life from writing policies in the state
  • U.S. News & World Report Announces Winners of the 2027 Life Insurance Companies Awards
  • New York Life Investment Management Launches NYLIM MacKay Muni High Income ETF
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.