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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