The Scoop
Quotable
October 8, 2009Sen. John Cornyn (R-Texas)
“Some have claimed that cutting the ‘extra payments’ to Medicare Advantage plans reduces insurance company profits. The fact is 75 percent of those ‘extra payments’ go directly to better benefits for seniors under current law.
Unfortunately, the Finance Committee bill will take away those benefits from seniors enrolled in Medicare Advantage. The Finance Committee proposal cuts nearly $130 billion from the Medicare Advantage program. Common sense says you cannot do that without affecting seniors’ benefits.” — (October 8, 2009 delivered remarks on the Senate floor)
See Cornyn’s full remarks in this video clip.
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