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February 17, 2012 - 1:59 PM

Newsmax - NC Sen. Burr: Healthcare Reform Plan Will 'Save Medicare'

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Newsmax

NC Sen. Burr: Healthcare Reform Plan Will 'Save Medicare'

By Jim Meyers and John Bachman

Watch the full interview here: http://bit.ly/y5FKxA

Sen. Richard Burr tells Newsmax that a healthcare reform bill he has co-authored will “save Medicare” by staving off the bankruptcy the program faces in a few years.

The North Carolina Republican also declares that Medicare reform is a “moral obligation” owed to current seniors and to future generations as well.

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He is the co-author, along with Sen. Tom Coburn, R-Okla., of the Seniors’ Choice Act. Among its major provisions, the bill creates a private market option to current government programs, introduces income-based means testing, and increases the age of eligibility for Medicare.

In an exclusive interview with Newsmax.TV, Sen. Burr discusses the option allowing seniors to choose between a private healthcare plan and traditional Medicare.

“We’re confident enough that the competition of a private plan with a public plan will work,” he says. “We say this plan saves Medicare.

“Tom and I believe we have a moral obligation to people our parents’ age and to our children to make sure that Medicare is not only sustainable for the current generation but for generations to come. And by every Washington figure, the Part A trust fund is in bankruptcy somewhere between 2016 and 2022.

“That’s right around the corner. We’ve got a sense of urgency to do this.

“And we thought it was important that as we shored it up financially that we make sure we provide seniors with two things: choice and transparency. The average person in America has no idea of the cost of anything they get in healthcare. That’s a mistake. We’ve got to understand that it’s not free. We’ve got to understand what it costs.”