3 things every voter needs to know about Paul Ryan’s Medicare reform plan–in 100 words
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In his most excellent post on the Paul Ryan vice presidential pick, AEI’s Andrew Biggs highlights some key facts about Ryan’s approach to saving Medicare.
These are clip and save:
1. No one over the age of 55 would be affected in any way.
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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