Tuesday, August 14, 2012

AEI: 3 Things You Should Know about Paul Ryan's Medicare Reform - in 100 Words

"Clip and save" these "key facts about Paul Ryan's approach to saving Medicare," writes James Pethokoukis at AEI:
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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