The problem with that is simple (and an illustration of why Medicare is going broke in the first place):
Good luck finding an insurance policy for a 65 year old for $408/mo.
I’m NOT disagreeing with the problem, just throwing out a wrench in your plan.
You get millions of seniors with $408 to spend each month and I guarantee you will get many insurers fighting over their business. Prices would come down in short order.
“Good luck finding an insurance policy for a 65 year old for $408/mo.”
Frankly even that’s more beenfit than the reality is we can afford!!but similar 50% cuts throughout DC would increase the long term probability of being able to do so.
Its been done before..
Harding cut the government’s budget nearly in half between 1920 and 1922. The rest of Harding’s approach was equally laissez-faire. Tax rates were slashed for all income groups. The national debt was reduced by one-third. The Federal Reserve’s activity, moreover, was hardly noticeable. As one economic historian puts it, “Despite the severity of the contraction, the Fed did not move to use its powers to turn the money supply around and fight the contraction.” 2 By the late summer of 1921, signs of recovery were already visible. The following year, unemployment was back down to 6.7 percent and was only 2.4 percent by 1923.
http://www.firstprinciplesjournal.com/articles.aspx?article=1319&loc=r
the entire RinoCrat Oligarchy has yet to figure it out -or admit to it-”they’re not doin’ it right”
We the People’s job is to show them that.