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Andrew Biggs highlights some basic facts about VP candidate Paul Ryan’s plans for Medicare:

1. No one over the age of 55 would be affected in any way.

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2. Traditional Medicare fee-for-service would remain available for all. “Premium support”—that is, government funding of private insurance plans chosen by individuals—is an option for those who choose it. No senior would be forced out of the traditional Medicare program against his will.

3. Overall funding for Medicare under the Ryan-Wyden plan is scheduled to grow at the same rate as under President Obama’s proposals. Is this “gutting Medicare” and “ending Medicare as we know it”? In reality, it’s the market giving seniors cheaper, higher quality choices they can take if they wish, with the traditional program remaining an option.

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6 COMMENTS

  1. Actually this was a partially accurate description of the SECOND Ryan Medicare plan, the first would have completely eliminated traditional fee for service Medicare.

    But yesterday Romney/Ryan surrogate John Sununu (not one of our friends) walked back even this plan we now have no idea what Romney and Ryan will do to Medicare.

  2. Government controlled Health Care is not controlling the increasing costs, and to then depend on the Government will bankrupt any system that continues without cost controls. It is not about anyone currently on Medicare or anyone over the age of 55. It is about future cost control, for the next thirty years.

  3. One fact that is missing from the whole discussion is that Medicare doesn't cover full fees for medical needs for seniors. |t only pays what the govt decided is the "normal fee" for services. So those on Medicare have to carry private supplemental insurance to cover the extra costs, since what the govt considers normal isn't "normal". This has been my parents' experience anyway. They also had to buy their own prescription drugs.

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