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Republicans Plan to Privatize Medicare

House Republicans would support a plan to privatize Medicare in their annual budget, a member of the GOP leadership said.

Texas Rep. Jeb Hensarling, the House Republican Conference Chairman and second-ranked GOP member of the budget committee, made the revelation during a panel discussion, according to the National Journal.

“Unless you deal with Medicare, unless you go into Medicaid, unless you deal with Social Security for future generations—programs that were a great comfort to my grandparents and parents are morphing into a cruel Ponzi scheme for my 8-year-old daughter and my 7-year-old son,” Hensarling said.

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