; (2) Medicaid work requirements legislation could include 30 hours per week of work, of which 20 of those hours should be spent in the core activities of: public or private sector employment, work experience, on-the-job training, job-search or job-readiness assistance program participation, community service, or vocational training and education; (3) States should be given flexibility to determine the parameters of qualifying program participation and work-equivalent experience; (4) States should perform regular case checks to ensure taxpayer dollars are appropriately spent; and (5) the Government Accountability Office or the Department of Health and Human Services Inspector General should conduct annual audits of State Medicaid programs to ensure proper reporting and prevent waste, fraud, and abuse. 507. Policy statement on Medicare (a) Findings The House finds the following: (1) More than 58 million Americans depend on Medicare for their health security. (2) The Medicare Trustees Report has repeatedly recommended that Congress address Medicare’s long-term financial challenges. Each year without reform, the financial condition of Medicare becomes more precarious and the threat to those in or near retirement more pronounced. The current challenges that Congress will need to address include— (A) the Hospital Insurance Trust Fund will be exhausted in 2026 and unable to pay the full scheduled benefits; (B) Medicare enrollment is expected to increase more than 50 percent in the next two decades, as 10,000 baby boomers reach retirement age each day; (C) due to extended life spans, enrollees remain in Medicare three times longer than at the outset of the program five decades ago; (D) notwithstanding the program’s trust fund arrangement, current workers’ payroll tax contributions pay for current Medicare beneficiaries instead of being set aside for their own future use; (E) the number of workers supporting each beneficiary continues to fall