Friday, December 6, 2013

The GOP Ryan Plan will cost Seniors thousands more than the Affordable Care Act.

The Republican Medicare plan costs Seniors more and more by privatizing Medicare.  The GAO also says the deficit will skyrocket under the Ryan plan but the deficit will go down with the ACA.


The GOP hypocrisy doesn't end there. After all, the Ryan budget doesn't just pocket that $716 billion in Medicare savings to help fund its massive tax cut windfall for the wealthy. As it turns out, his blueprint turns the Medicare system for 49 million seniors into an underfunded voucher scheme that will dramatically shift health care costs onto the future elderly. As ThinkProgress explained during the 2012 campaign:
Seniors currently under the age of 55 could use their government contribution to purchase insurance from an exchange of private plans or--unlike Ryan's original budget--traditional fee-for-service Medicare... But the budget does not take sufficient precautions to prevent insurers from cherry-picking the healthiest beneficiaries from traditional Medicare and leaving sicker applicants to the government. As a result, traditional Medicare costs could skyrocket, forcing even more seniors out of the government program. The budget also adopts a per capita cost cap of GDP growth plus 0.5 percent, without specifying how it would enforce it. This makes it likely that the cap would limit the government contribution provided to beneficiaries and since the proposed growth rate is much slower than the projected growth in health care costs, CBO estimates that new beneficiaries could pay up to $2,200 more by 2030 and up to $8,000 more by 2050. Finally, the budget would also raise Medicare's age of eligibility to 67.

Those are the real cuts in Medicare benefits. And Paul Ryan, John Boehner, Eric Cantor, Mitch McConnell and 95 percent of Republicans on Capitol Hill voted for them in 2011. And 2012. And 2013.


http://www.perrspectives.com/blog/archives/002919.htm

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