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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (550883)2/18/2010 5:25:24 PM
From: Alighieri  Read Replies (1) of 1572416
 
I'll let the CBO do it...so you don't accuse me of attacking the poor mis-understood republicans.

Al

Here's what the CBO says about Ryan's Roadmap:

Under the Roadmap, the value of the voucher would be less than expected Medicare spending per enrollee in 2021, when the voucher program would begin. In addition, Medicare’s current payment rates for providers are lower than those paid by commercial insurers, and the program’s administrative costs are lower than those for individually purchased insurance. Beneficiaries would therefore face higher premiums in the private market for a package of benefits similar to that currently provided by Medicare. Moreover, the value of the voucher would grow significantly more slowly than CBO expects that Medicare spending per enrollee would grow under current law. Beneficiaries would therefore be likely to purchase less comprehensive health plans or plans more heavily managed than traditional Medicare, resulting in some combination of less use of health care services and less use of technologically advanced treatments than under current law. Beneficiaries would also bear the financial risk for the cost of buying insurance policies or the cost of obtaining health care services beyond what would be covered by their insurance.
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