Romney has embraced the Ryan budget--it makes seniors pay thousands of dollars more each year for their health care and severe cuts to programs essential to the middle class in or
Morningstar
2012/08/07 16:35:23
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Why would anyone support Romney or Ryan???
Top Opinion
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Outta' Here. 2012/08/07 16:37:05None of the above

















How does Ryan do it? Medicare reform is at the heart of the Path to Prosperity. Where Obamacare relies on unelected bureaucrats to keep costs down, the Ryan path uses competition. Under Ryan’s revised “premium support” plan—essentially the Wyden-Ryan proposal—seniors beginning in 2023 could use their Medicare dollars to choose from a menu of private plans, along with Medicare’s traditional fee-for-service system. Every year there would be a competitive bidding process among all plans to determine the dollar amount of the federal contribution that seniors would use to purchase coverage. (The benefits in the private plans would have to be as least as good as Medicare.) The second least-expensive approved plan, or Medicare, whichever is least expensive, would establish the benchmark that determines the premium support amount.
Seniors who prefer pricier plans would have to pay the difference between the premium subsidy and the monthly premium. Seniors who choose a less expensive plan could pocket the difference. As a backup—and so CBO could score the plan—per capita costs could not exceed nominal GDP growth plus 0.5%.