Conservative
Type 40
- Thread starter
- #41
Ryan's "medicare" plan relies upon either insurance companies to make up cost inefficiencies or for seniors to pay what their "subsidy" doesn't.
Why don't you just ask the American people if they trust insurance companies to keep costs down when they're on the hook for the additional amount? That's what you're doing, aren't you?
In defense of Paul Ryan's Medicare plan - Term Sheet
By far the most significant -- and revolutionary -- proposal in Congressman Paul Ryan's 2012 budget is its blueprint for taming Medicare. According to the Congressional Budget Office's analysis, issued on April 5th, the Ryan plan would totally reverse the course of recent fiscal history by lowering federal health care spending from 8% of GDP today to just 5% by 2050. If we remain on the current course, the spending would jump to 14% in that time frame.
In all the Ryan proposals, enrollees in the new regime would use the government's contribution to shop from a broad array of private insurance plans offered by a Medicare exchange. That system is modeled on the highly successful Federal Employee Health Benefits Program, where government workers choose from a wide variety of offerings, from deluxe fee-for-service plans to basic high-deductible programs.
Still, the rise in costs for the elderly could prove far less than the giant annual increases we're experiencing today. We've simply never seen a competitive environment like the one in the Ryan blueprint. "The Obama plan is all about price controls," says Joseph Antos, an economist at the American Enterprise Institute. "Ryan's is all about unleashing the market."
The Ryan plan has another major strength: It will stop heaping a bigger and bigger Medicare burden onto younger taxpayers. Ryan is making a bold, wrenching choice that wins because it's less painful than all the others.