According to the Associated Press, Sen. John McCain (R-AZ) sent a letter to the bipartisan budget supercommittee in which he indicated he is open to cost-saving steps in military benefits.
The AP reports that McCain supports President Obama’s proposal to start charging older military retirees a $200 annual enrollment fee for TRICARE for Life. In addition, McCain urged the supercommittee to consider restricting working-age military retirees and their dependents from enrolling in TRICARE Prime. McCain pointed out that the Congressional Budget Office has estimated that such a move would save $111 billion over 10 years.
McCain also said he supports the administration's proposal for a commission to review possible changes to the 20 year military retirement system and the current military pay and compensation model.
- Let your elected officials know how you feel about proposed changes to military retirement and TRICARE expenses.