Sen. Obama says entitlement reform is critical to our health care security . She says Medicare and Social Security funds will head toward bankruptcy if action is not taken . Kay Bailey Hutchison : It 's time for President Obama to focus on reforming these programs . Senators Tom Coburn and Joseph Lieberman have proposed a plan that would : ( a ) adjust the Medicare eligibility age to reflect gains in life expectancy ; ( b ) cap out-of-pocket costs to protect recipients from bankruptcy in the event of a major illness ; and ( c ) require wealthier beneficiaries to pay higher premiums . She says Medicare should also step up to find a bipartisan solution .
Sen. Obama says entitlement reform is critical to our health care security . She says Medicare and Social Security funds will head toward bankruptcy if action is not taken . Kay Bailey Hutchison : It 's time for President Obama to focus on reforming these programs . She says Medicare should also step up to find a bipartisan solution .