The White House
Office of the Press Secretary
For Immediate Release
July 13, 2015
Remarks by the President at White House Conference on Aging
East Room
11:12 A.M. EDT
THE PRESIDENT: Hello, everybody. (Applause.) Thank you so
much. Thank you. (Applause.) Everybody, please have a seat.
Welcome to the White House Conference on Aging, everybody. And
please give Vicki a big round of applause for the outstanding work shefs doing
to help women and families prepare for retirement. (Applause.)
I want to thank the members of Congress who are here, those in my
administration whofve been working on this issue. I want to especially
point out one of my favorite former members of Congress, a legend whofs here
today -- John Dingell. (Applause.) John, thank you.
John was elected to Congress when he was just 29 -- an over-achiever.
Ten years later, he presided over the House chamber for the vote to pass
Medicare into law -- an achievement for which he and his father can take some
credit. Last week, John turned 89 -- so we want to wish John a happy
birthday. Hefs been a retiree for six months, but hefs keeping busy --
just check out his Twitter feed if you donft believe me. (Laughter.)
So hefs still got some pretty strong opinions.
It is wonderful to be here with all of you. Many of you have devoted
your careers to advocating for older Americans. You understand the whole
terrain -- not just the challenges, but also the opportunities; not only the
questions wefre asking today but the questions that we have to start thinking
about for tomorrow. And because this conference takes place just once a decade,
wefve got to make it count.
So one of the best measures of a country is how it treats its older
citizens. And by that measure, the United States has a lot to be proud of.
Medicare, Medicaid, Social Security are some of our greatest triumphs as a
nation. When Social Security was signed into law, far too many seniors
were living in poverty. When Medicare was created, only a little more than
half of all seniors had some form of insurance. Before Medicaid came
along, families often had no help paying for nursing home costs. Today,
the number of seniors in poverty has fallen dramatically. Every American
over 65 has access to affordable health care. And, by the way, since the
Affordable Care Act was signed into law, the uninsured rate for all Americans
has fallen by about one-third. (Applause.) Just thought I'd mention
that. (Applause.)
AUDIENCE MEMBER: (Inaudible.)
THE PRESIDENT: That was pretty good. (Laughter.)
Together we declared that every citizen of this country deserves a basic
measure of security and dignity. That choice saved millions upon millions
of our people from poverty, allowed them to live longer and better lives.
So we got to be proud of that. These American endeavors didnft just
make our country better, it reaffirmed our greatness as a country. And
itfs hard to find a single American whose life hasnft been enriched by these
covenants in some fashion.
My grandmother was a fiercely independent woman. She helped to raise
me. She didnft have a college degree. She worked her way up, working
on bomber assembly lines -- Rosie the Riveter -- during the war, and then went
on, got a job as a secretary and then kept on working her way up until she was
vice president of a local bank. And after my grandfather died, she chose
to live independently. And Medicare and Social Security allowed her to
make that choice.
She had the confidence that, having worked hard, played by the rules, she
was rewarded with a safe foundation for retirement and she could not fall
through those cracks. That was a promise this country made to her and all
its citizens. And as a grateful grandson -- who happens to be President --
that is a promise I'm going to make sure we're going to keep for future
generations. We've got to make sure that it's there for people who are
working today. (Applause.)
But wefre going to have work for it. We have to work to do more to
ensure that every older American has the resources and the support that they
need to thrive. That challenge -- protecting our seniors, dealing with the
rising costs of an aging generation, ensuring we have enough home care workers
looking out for our family members -- (applause) -- maximizing the contributions
that older Americans can make to our country -- these challenges are just
becoming more urgent.
And herefs why. When we won World War II, everyone came home and had
babies. I mean, not literally, everyone, but a lot of people had babies.
(Laughter.) And now, each and every day, almost 10,000 of those
babies turn 65 years old. So more than 250,000 Americans turn 65 every
month. Theyfre living longer and theyfre living healthier. Wefre
seeing people break athletic records in their 60s.
Diana Nyad is here today, by the way. You do not want to race her in
anything. (Laughter and applause.) Arguably the toughest justice on
the Supreme Court is the oldest -- Ruth Bader Ginsburg -- (applause) -- also
known as the Notorious R.B.G. (Laughter.) Shefs tough.
In just about every field, Americans who once might have been dismissed as
out of touch or past their primes are making vital contributions in every field.
And all of us, as a consequence, are able to raise our own ambitions about
what we hope to achieve in our golden years. And since Ifm living out dog
years here in the presidency -- (laughter) -- this is something Ifm paying a lot
of attention to. (Laughter.) Look at this hair. (Laughter.)
Although I do have hair. (Laughter.) Crowley was laughing a
little bit too much over here. (Laughter.)
So since these golden years are coming pretty fast, I want to make sure that
we briefly focus on what wefve done to strengthen already Medicare, and take a
longer look at what we have to do to strengthen retirement even more.
Now, wefre often told that Medicare and Social Security are in crisis.
We hear that all the time. And usually, thatfs used as an excuse to
try to cut spending on those bedrock programs. But herefs the truth.
Medicare and Social Security are not in crisis, nor have they kept us from
cutting our deficits by two-thirds since I took office. Both programs are
facing challenges because of the demographic trends I just talked about.
And for Medicare, that means wefve got to keep slowing the growth of
health care costs, and keep building on the progress wefve already made in the
past few years.
Since I signed the Affordable Care Act -- also known as Obamacare --
(applause) -- since we signed the ACA into law, wefve extended the life of the
Medicare Trust Fund by 13 years. Wefre moving Medicare towards payment
models that require quality of care instead of quantity of care as the measure
of what you get paid, creating a different set of incentives. And thatfs
something that will keep older Americans healthy and Medicare healthy as well.
Whatfs more, this law has saved over 9 million people on Medicare
currently more than $15 billion on their prescriptions. (Applause.)
Now, that doesnft get a lot of notice, but I want everybody to understand.
Built into the Affordable Care Act, 9 million seniors have gotten
significant discounts on their prescription drugs. They donft always know
that itfs because of Obamacare, but thatfs why theyfve been paying cheaper drug
prices. Itfs also given nearly 40 million people on Medicare free
preventive health services. And wefve expanded the options for home- and
community-based services offered by Medicaid, which means that more older
Americans are able to make the same choice that my grandmother did and live
independently. (Applause.)
So those are some areas wefve made progress. And Sylvia Burwell, whofs
here, our Secretary of Health and Human Services, Ifm sure at some point during
this conference will be talking about additional steps that we need to be taking
to further improve a delivery system.
And understand, the goal here is not to cut back on services. The goal
is to make sure that youfre getting more of the services that you need, less of
the services you donft, so youfve got more money left over to do even more stuff
that you need to keep you healthy and active and thriving. Because we have
too much waste in the system thatfs not benefitting patients, but oftentimes
just has to do with a really inefficient system or, in some cases, works really
well for providers but doesnft work well for the consumer.
Now, even as wefre dealing with the health care side, we also know that too
many older Americans leave the workforce without having saved enough for a
dignified retirement. And itfs not as if they havenft tried -- Vicki
touched on this issue. There are a lot of folks out here who work really,
really hard, but at the end of the day just still donft have enough of a nest
egg. In todayfs economy, preparing for retirement has gotten tougher.
First of all, most workers donft have a traditional pension -- what we used
to understand as a defined benefit pension where you were guaranteed a certain
amount every year once you retired. A Social Security check on its own
oftentimes is not enough. And even though, as a consequence of some of the
steps that we took, we pulled ourselves out of a terrible financial crisis and
the stock market has now doubled since I took office -- which means that itfs
replenished the 401(k)s for millions of families -- (applause) -- so thatfs been
important for millions of families across the country, but a lot of people donft
have any kind of retirement account at all.
So wefre going to have to work hard to deal with these issues. Number
one, we have to keep Social Security strong, protecting its future solvency.
(Applause.) And I think there are ways, creative ways that people
are talking about to protect its future solvency, but also strengthen retirement
security for our most vulnerable neighbors. So thatfs step number one.
Step number two -- for Americans who are doing the hard work of saving for
retirement, letfs make sure that they get a fair deal. Earlier this year,
I announced new steps wefre taking to protect Americans by cracking down on
conflicts of interest in retirement advice. The goal here is to put an end
to Wall Street brokers who benefit from backdoor payments or hidden fees at the
expense of their clients. If they are advising you on how to save your
money, they should be looking out for you -- not for somebody whofs selling a
product that may not be best for you. And for the many brokers out there
who are doing the right thing, this rule levels the playing field for them and
their customers. The notion here is, is we want to make sure responsibility is
rewarded and not exploited. So therefs a consumer protection element to
this whole thing.
Number three -- wefve got to make it easier for people to save for
retirement. And today, Ifm pleased to announce an important step that
wefre taking to do just that. Right now, about one-third of American
workers do not have access to a retirement plan at work -- one-third.
Thatfs why every budget request Ifve submitted since taking office has
included a common-sense proposal to automatically enroll workers without access
to a workplace retirement plan in an IRA, which would provide an additional 30
million Americans with access to a retirement plan at work.
Now, unfortunately, Congress has repeatedly failed to act on this idea.
The good news is states are stepping up -– just like theyfre stepping up
in other areas where Congress is not doing its work, like raising the minimum
wage or making paid sick leave available for working families. (Applause.)
So far, a handful of states have passed laws to create new ways for people
without a workplace plan to save for retirement. And more than 20 states
are thinking about doing the same.
We want to do everything we can to encourage more states to take this step.
So Ifve called on the Department of Labor and Tom Perez to propose a set
of rules by the end of the year to provide a clear path forward for states to
create retirement savings programs. And if every state did this, tens of
millions more Americans could save for retirement at work. (Applause.)
I want to emphasize this point. It is perverse that in this country it
is just easier to save if youfve already got money. (Laughter.) And
Ifm talking about not just the fact that youfve got money to save; Ifm talking
about just the mechanics, the mechanisms of being able to save, and then take
advantage of the tax benefits of saving. So if we can just make sure that
everybody, even if your employer doesnft provide those mechanisms, you still
have a way of accessing it, every dollar you put in, thatfs going to be a dollar
that also then benefits from the same kinds of tax advantages that somebody with
a million dollars is able to take advantage of all the time.
And thatfs just fair. Thatfs only fair. And thatfs all wefre
trying to do here, is make sure that if youfre working hard out there, even if
youfre not making goo-gobs of money and donft have fancy financial advisors and
all that, that you can still put away a little nest egg so that youfre protected
when you get older.
So this is just one of a number of steps that wefre going to be taking to
improve the lives of older Americans. As many of you know, over the past
year, wefve held regional forums with AARP across the country, heard lots of
ideas from people, including folks in this room, about how we can make things
better -- especially for families and caregivers. So wefre going to be
moving ahead with several of the ideas that youfve given us.
For example, wefre going to make it easier for folks who are homebound to
get nutritional assistance. Wefre going to update quality and safety
requirements for thousands of nursing homes -- the first major overhaul in
nearly 25 years. (Applause.) Wefre going to train more prosecutors
in how to combat elder abuse. (Applause.) Wefre going to work with
Congress to reauthorize the Older Americans Act -- (applause) -- because we know
it will provide critical support to families and communities.
Wefre going to help federal workers and their supervisors better understand
how our policies on workplace flexibility can support employees who are also
caregivers to aging parents. Thatfs important. (Applause.) And
Ifm going to keep fighting to make family leave and workplace flexibility
available to every American, no matter where they work. Itfs the right
thing to do. (Applause.)
Every study shows that the kind of workplace flexibility wefre talking about
isnft just good for the employees; ultimately, it ends up being good for the
employers, because you get more loyal, more productive employees with less
turnover. And itfs the right thing to do. And with the technologies
that we have today, therefs no reason why we canft make this happen.
So this year, we mark the 80th anniversary of Social Security. We mark
the 50th anniversary of Medicare. Wefve grown so accustomed to these
programs being a part of American life -- these bedrock, foundation stones of
our society -- sometimes itfs easy to forget how revolutionary they were at the
time. They were hard to get done. When FDR tried to pass Social
Security, critics called it gsocialism.h When President Kennedy and
President Johnson -- and the Dingells -- worked to create Medicare, cynics
raised the alarm about government takeover of health care. And now wefve
got signs saying, gGet your government hands off of my Medicare.h
(Laughter.)
The point is change has always been hard. Detractors always are trying
to maximize peoplefs fear of the unknown. But ultimately, hope triumphs
over fear. We choose to do big things here in America. Like I said a
couple weeks back -- three generations ago, we chose to end the era where
seniors were left to languish in poverty. Two generations ago, we chose to
end an age when Americans in their golden years didnft have the guarantee of
health care. This generation, we chose to go even further, and now health
care in America is more affordable and available than ever before.
In this anniversary of those incredible achievements, we need to recommit
ourselves to finishing the work that earlier generations began-- make sure this
is a country that remains one where no matter who you are or where you started
off, youfre treated with dignity, your hard work is rewarded, your contributions
are valued, you have a shot to achieve your dreams whatever your age.
Thatfs the America wefre all working for. And Ifm proud to work
alongside you. Thank you so much. Congratulations. Have a
wonderful conference. Thank you. (Applause.)
END
11:39 A.M. EDT