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The Myths and Realities of the Ryan Medicare Plan
Yahoo Finance ^ | August 23, 2012 | Andrew G. Biggs

Posted on 08/23/2012 5:37:49 AM PDT by bobsunshine

Gov. Mitt Romney's selection of Wisconsin Rep. Paul Ryan as his vice presidential running mate has turned the 2012 presidential election into a referendum on Medicare reform. Ryan has sponsored multiple Medicare reform bills in Congress, with the Left charging that the Romney-Ryan ticket would "gut Medicare" by turning it into a "voucher system," and even "ending Medicare as we know it." Moreover, President Obama's supporters say, the Romney-Ryan approach would force seniors to pay an extra $6,400 per year toward their Medicare costs. But would Ryan and Romney's reform ideas, known as "premium support," really do all of these terrifying things?

The Truth About Vouchers

To begin, is premium support for Medicare a "voucher system" as opponents claim? The label "vouchers" brings up frightful images of helpless seniors being handed a little cash and charged with entering the cut-throat private insurance marketplace to secure whatever coverage they can. The reality is much closer to the Federal Employees Health Benefits (FEHB) program for government workers than to this imagined horror story. Under the FEHB, the government pays a set amount toward employee health premiums, which can be applied to a range of approved health plans offered by a number of insurers............

Paul Ryan's premium support plan, co-developed with Oregon Democratic Sen. Ron Wyden, is similar to the FEHB, but with several key differences.

(Excerpt) Read more at ...

TOPICS: Extended News; Front Page News; News/Current Events
KEYWORDS: healthcare; ryan
Closing Quote: "But Mitt Romney and Paul Ryan have at least proposed a solution, one which could reduce costs and improve quality to put Medicare on a more sustainable track. President Obama has offered no counterproposal. In contest for the country's No.1 leadership position, that alone should be important to voters."
1 posted on 08/23/2012 5:37:54 AM PDT by bobsunshine
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To: bobsunshine

[Moreover, President Obama’s supporters say, the Romney-Ryan approach would force seniors to pay an extra $6,400 per year toward their Medicare costs.]


Whether through death-panels or unaffordable costs, both plans are edges of the same progressive sword - that will euthanize the elderly and alleviate the Utopian youngsters of their burden.


A Gym Rat can not Carry a RINO.

2 posted on 08/23/2012 5:54:49 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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