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Obama Hits Romney With New Medicare Study: seniors will pay $59,500 more for health care undr Romney
http://abcnews.go.com/Politics/wireStory/florida-obama-us-nation-decline-17190907President Barack Obama is drawing fresh attention to Medicare in all-important Florida, seizing on an election-year issue that's been more favorable to Democrats.
Campaigning for a second day in a state where older voters and workers approaching retirement hold sway, Obama was expected to highlight a study by a Democratic leaning group that concluded that on average a man or woman retiring at age 65 in 2023 would have to pay $59,500 more for health care over the length of their retirement under Mitt Romney's plan.
The numbers are even higher for younger people who retire later, the study found. A person who qualifies for Medicare in 2030 today's 48-year-old would see an increase of $124,600 in Medicare costs over their retirement period.
While Romney's changes to Medicare would affect future retirees, the study also said that the Republican presidential nominee's plan to get rid of Obama's health care law could raise health care costs in retirement by $11,000 for the average person who is 65 today by reinstating limits on prescription drug coverage.
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Increased Costs During Retirement Under the Romney-Ryan Medicare Plan - the study
Former Massachusetts Gov. Mitt Romney and Rep. Paul Ryan (R-WI) want to convert our nations Medicare program into a voucher system for people who are under 55 years of age. Under their plan seniors beginning in 2023 would receive vouchers to purchase health insurance from private insurance companies or from traditional Medicare. If premiums for traditional Medicare or the private plan they choose cost more than the voucher amount, then seniors would have to pay the difference themselves.
The Romney-Ryan plan would also convert the joint state-federal Medicaid program into a so-called block grant program, designating a reduced amount of fund s for each state. And the Romney-Ryan plan would repeal the Affordable Care Act, which reduces drug costs and Medicare premiums and increases access to preventive services for all seniors.
Using data from the nonpartisan Congressional Budget Office and other government agencies along with parameters from published academic research studies, this study analyzes the impact of the Romney-Ryan plan on current and future seniors and shows that the increase in health care costs under the Romney-Ryan plan would be financially debilitating for all seniors. We detail these findings in the pages that follow, but briefly here are the findings.
Gov. Romney and Rep. Ryan claim that no one over 55 will be affected by their health care plan. This claim is false. Their plan would harm all seniors. The Romney-Ryan plan would hurt current seniors in two important ways:
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Obama Hits Romney With New Medicare Study: seniors will pay $59,500 more for health care undr Romney (Original Post)
Bill USA
Sep 2012
OP
Thanks for posting this. Alex Witt was supposed to talk about this on her show, but I can't....
Tarheel_Dem
Sep 2012
#1
Tarheel_Dem
(31,233 posts)1. Thanks for posting this. Alex Witt was supposed to talk about this on her show, but I can't....
abide her, so I'm glad I can read it here.
antigop
(12,778 posts)2. thanks for posting...I've been looking for this info. n/t