Sept. 3 event will feature Rep. Pete Gallego, AARP’s national leader Rob Romasco and San Antonio Chamber of Commerce president Richard Perez
SAN ANTONIO, TEXAS — AARP Texas announced today that it will bring to San Antonio on Sept. 3 a panel discussion on finding responsible solutions to the current challenges faced by Medicare and Social Security, featuring U.S. Rep. Pete Gallego, Greater San Antonio Chamber of Commerce President Richard Perez and AARP national president Rob Romasco.
Moderated by Evan Smith, editor-in-chief of the Texas Tribune, the event will be held at Palo Alto College’s performing arts center, 1400 W. Villaret Blvd., from 10-11:30 a.m. Admission and parking are free. (A printable campus map is available in PDF form.) Seating is limited, so RSVPs are recommended and can be made by calling toll-free 1-877-926-8300 or online at http://bit.ly/SanAntonioPanel.
“Social Security and Medicare are two of the most successful programs in our nation’s history,” said Lisa Rodriguez, AARP Texas’ Associate State Director. “They need to be strengthened and fixed through bipartisan solutions in order to keep them healthy for the long haul. This event will address current proposals to do just that.”
With more people living longer, Social Security faces longer term financial challenges. Estimates indicate the program will be able to pay full benefits for the next 20 years, but only 75 percent after that.
On the other hand, the Medicare trustees report that within 12 years, there will be a shortfall in the Medicare Part A (Hospital Insurance) Trust Funds needed to pay the full amount of hospital costs. Adequate funding is needed to continue to pay for senior’s hospital care and to prevent increases in their out-of-pocket costs.
Yet these two programs are crucial for the financial security of today’s older Americans and for the long-term plans of current workers who have been paying in to the programs for years. More than 247,000 San Antonians are Social Security recipients, and many of San Antonio’s more than 130,000 seniors depend on Medicare.
Those unable to attend the Sept. 3 event in person can tune into the webcast at http://bit.ly/SanAntonioWebcast.