Ryan's Medicare plan would be tricky to pull off
Source: AP
WASHINGTON (AP) The idea behind Paul Ryan's Medicare plan is to slow growing costs and keep the program more affordable for the long haul.
But it's all in the details. The Republican-backed shift to private insurance plans could saddle future retirees with thousands of dollars a year in additional bills.
That would leave the children of the baby boom generation with far less protection from medical expenses than their parents and grandparents have had in retirement.
And there's another angle consumers need to look at: Medicaid.
The GOP vice presidential candidate has also proposed to sharply rein in that program and turn it over to the states. Usually thought of as part of the safety net for low-income people, Medicaid covers nursing home care for disabled elders from middle-class families as well.
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Romney-Ryan would aim to overhaul Medicaid
NEW YORK (CNNMoney) -- Medicaid and other safety net programs could undergo major changes if Mitt Romney and Paul Ryan win November's election.
Ryan, currently a House Republican and picked this weekend to be Romney's running mate, wants to turn Medicaid and food stamps into block grants and make recipients work for certain benefits, according to his budget proposal unveiled in March.
"We don't want to turn the safety net into a hammock that lulls able-bodied people into lives of dependency and complacency, that drains them of their will and their incentive to make the most of their lives," Ryan said at the time.
Here's how Medicaid and food stamps would work under the proposal:
more:
http://money.cnn.com/2012/08/13/news/economy/ryan-medicaid/index.htm