Monday, August 13, 2012

Where Is The Obama Medicare Plan?

Doesn't this regime owe us a Medicare Plan?  Making promises just won't cut it.  Paul Ryan has a plan to make the program solvent.  This regime, not so much.

In his most excellent post on the Paul Ryan vice presidential pick, AEI’s Andrew Biggs highlights some key facts about Ryan’s approach to saving Medicare. These are clip and save:

1. No one over the age of 55 would be affected in any way.

2. Traditional Medicare fee-for-service would remain available for all. “Premium support”—that is, government funding of private insurance plans chosen by individuals—is an option for those who choose it. No senior would be forced out of the traditional Medicare program against his will.

3. Overall funding for Medicare under the Ryan-Wyden plan is scheduled to grow at the same rate as under President Obama’s proposals. Is this “gutting Medicare” and “ending Medicare as we know it”? In reality, it’s the market giving seniors cheaper, higher quality choices they can take if they wish, with the traditional program remaining an option.

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