Bill > SJM8002

This Joint Memorial expresses opposition to the privatization of Medicare, a government health insurance program established in 1965 for seniors and the disabled, which is noted for its low administrative costs. The memorial highlights concerns about for-profit programs within Medicare, such as Medicare Part D (prescription drugs), Medigap (supplemental plans covering Medicare Part B's 20% copays), and Medicare Advantage, which allow significant portions of Medicare funds for administration and profits. It points to reports of widespread fraud and overcharging in these private plans, potentially costing billions annually and depleting the Medicare trust fund. The memorial urges the federal government to create a more equitable system by eliminating Original Medicare's 20% copays and setting an out-of-pocket spending limit, adding dental, vision, and hearing benefits to Original Medicare, reducing excessive administrative costs and profits in Medicare Advantage, and recovering funds lost to fraud and overpayments to strengthen the Original Medicare program for all beneficiaries.