The House Republican Budget Ends Medicare and Doubles the Costs to Seniors

[flpoljunkie]

The House Republican budget ends Medicare and doubles the costs to seniors

Medicare as we know it would end for new beneficiaries in 2022 under the House Republican budget proposal. It would be replaced with a government voucher that would be paid directly to private insurance companies. This system would double costs to seniors. The nonpartisan Congressional Budget Office, or CBO, concluded that “most elderly people would pay more for their health care than they would pay under the current Medicare system.”

Seniors would pay more for two reasons. First, the Ryan plan forces future beneficiaries out of the traditional Medicare plan into a more expensive private plan. In 2022 65-year-olds would be forced to pay twice as much for care than they would under Medicare: $12,500 compared to $6,150. The same holds true for 65-year-olds in 2030. They would be forced to pay $20,713 compared to $9,138 under Medicare (see graph).



Second, the House Republican plan forces seniors to pay a larger share of their health costs over time since the value of the voucher in the House Republican budget plan increases at a slower rate than medical costs, according to the Congressional Budget Office. The Ryan proposal calls for 65-year-olds to contribute $12,513 of the estimated $20,513 total cost of their health care in 2022, including premiums and out-of-pocket expenses, or 61 percent. They are expected to pay $20,713 of the $30,460 in total costs in 2030, or 68 percent .

In other words, the House Republican budget proposal does not control health care costs. It just shifts them on to seniors.

[uponit7771]

1. wtf are these people thinking?!?! Is Ryan working for the DCCC?

[hayu_lol]

2. First off...

I really doubt many seniors can come up with those kinds of premiums...they certainly cannot with the sizes of their present pensions.

Lots of retired Repugnants out there who will not stand idly by for crap like this. Makes headlines and gets a few politicians pictures in the papers for a day or so.

Bill continues to keep the middle-man insurance companies hands in everyone's pockets.

Need protests at these lawmakers(lol)homes.