Wednesday, August 22, 2012

NYT: Romney-Ryan Medicare proposal would hasten insolvency, raising costs for current retirees

NYT: Romney-Ryan Medicare proposal would hasten insolvency, raising costs for current retirees
"The reason why premiums and co-payments would go up under Romney's plan is common sense: by increasing payments to providers, Romney's plan drains the Medicare trust fund more quickly than the president's plan (which also has the virtue of already being law). That money needs to be made up somehow, so to keep the same level of coverage, Medicare beneficiaries would be on the hook for the difference."