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Tonight I propose that we follow Vice President Gore's suggestion to make low income parents eligible for the insurance that covers their kids. Together with our children's initiative, we can cover nearly one quarter of the uninsured in America. Again, I ask you to let people between 55 and 65 the fastest growing group of uninsured buy into Medicare.
Now, I ask this Congress to resist the tobacco lobby, to reaffirm the FDA's authority to protect our children from tobacco and to hold tobacco companies accountable, while protecting tobacco farmers. Smoking has cost taxpayers hundreds of billions of dollars under Medicare and other programs. You know, the states have been right about this.
So with these four measures; saving Social Security, strengthening Medicare, establishing the USA accounts, supporting long-term care, we can begin to meet our generation's historic responsibility to establish true security for 21st century seniors. Now, there are more children, from more diverse backgrounds, in our public schools that any time in our history.
So with these four measures; saving Social Security, strengthening Medicare, establishing the USA accounts, supporting long-term care, we can begin to meet our generation's historic responsibility to establish true security for 21st century seniors. Now, there are more children, from more diverse backgrounds, in our public schools that any time in our history.
No one creating a Medicare program today would even consider excluding coverage for prescription drugs. Yet more than three in five seniors now lack dependable drug coverage which can lengthen and enrich their lives. Millions of older Americans who need prescription drugs the most pay the highest prices for them.
And let's give them a tax credit to make that choice an affordable one. When the Baby Boomers retire, Medicare will be faced with caring for twice as many of our citizens and yet it is far from ready to do so. My generation must not ask our children's generation to shoulder our burden. We must strengthen and modernize Medicare now.
And let's give them a tax credit to make that choice an affordable one. When the Baby Boomers retire, Medicare will be faced with caring for twice as many of our citizens and yet it is far from ready to do so. My generation must not ask our children's generation to shoulder our burden. We must strengthen and modernize Medicare now.
Listen to this, if we set aside 60 percent of the surplus for Social Security and 16 percent for Medicare over the next 15 years, that savings will achieve the lowest level of publicly-held debt since right before World War I in 1917.
Another example is Medicare and Medicaid programs with worthy goals but whose costs have increased from 11.2 billion to almost 60 billion, more than 5 times as much, in just 10 years. Waste and fraud are serious problems. Back in 1980 Federal investigators testified before one of your committees that "corruption has permeated virtually every area of the Medicare and Medicaid health care industry."
If we work together, we can secure Medicare for the next two decades and cover the greatest growing need of seniors affordable prescription drugs. Third, we must help all Americans from their first day on the job to save, to invest, to create wealth. From its beginnings, Americans have supplemented Social Security with private pensions and savings.
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