Washington, D.C. — Today, the Biden Administration announced that its FY2024 Budget Proposal will include a proposal that would extend the solvency of Medicare’s Hospital Insurance (HI) Trust Fund by at least 25 years. In response, United States of Care released the following statement from Co-Founder and CEO Natalie Davis:
“More than 60 million people, including seniors and people with disabilities, depend on Medicare to cover critical health care services and costs. Congress has always stepped up and come together to ensure the continued solvency of Medicare, and they must do so once again.
“USofCare is pleased that the Biden Administration plans to keep Medicare sustainable now and for the next generation, lowering costs for beneficiaries in the process.
“We are also encouraged that the Administration’s proposal builds on the prescription drug reform kickstarted last year to expand Medicare’s ability to negotiate drug prices. More people, including people of color, who disproportionately report difficulty affording needed prescriptions, will have access to the medications they need at prices they can afford — something we know from talking to people across the country about what they want from their health care system.
“We applaud the Biden Administration’s efforts to advance health equity and provide people with access to high-quality, affordable health care through these proposals.”
About United States of Care
United States of Care is a nonpartisan organization committed to ensuring that everyone has access to quality, affordable health care.