VP Candidate Paul Ryan’s Medicare Plan
What is the the Ryan Voucher system?
In plain language, The Medicare recipient, YOu, will purchase insurance from a private supplier, ie. Humana, HCA, etc.. and the government would provide you with a voucher to ” offset the premium of the plan chosen”.
Now ask yourself, How will this plan save THE GOVERNMENT money on Medicare?
Will private Insurers Make a Profit on this new system?
How is this Plan different than the Hated “Individual Mandate” in ObamaCare?
Ryan wants to convert MediCare to ObamaCare.
I find this Humorous.
and of course, the Obama camp can’t point this out, cause they think ObamaCare is a good thing.
Has anyone noticed that there aren’t any Political Ads talking about what a great job the Obama administration did, saving American homes from foreclosure.
http://www.forbes.com/sites/trulia/2012/07/12/housing-misery-in-the-swing-states/
And perversely no Political Ads by Republicans pointing out this failure.
You can’t say anything about Obama without other people rudely calling you a racist. That’s why.
There’s one obvious difference. People under the age of 65 (67 in the Ryan plan) are mostly working. People over that age are not. They’re retired. Companies (mostly) provide health insurance.
Although there are subsidies for those regular (under 65) workers who cannot afford health insurance on their income, AFAIK, there are no vouchers.
The only commonality I see is that both plans try to rely on market forces to bring down costs through competition. In the case of Obamacare, although I’d prefer a single-payer system, I think Obamacare will work because there will be competition amongst the exchange participants (there had better be some strong collusion enforcement) in the state exchanges… whereas wtiht the Ryan Plan, they’ve already denoted the dollar support before the market has had a chance to operate.
If I were the architect of the Paul Ryan plan, I would set the premium support, the voucher, that the average market cost for what a current Medicare-equivalent plan would be…