Drudge Retort: The Other Side of the News
Monday, November 28, 2016

The Kaiser Family Foundation reviewed Ryan's original proposal and made several assessments that should be alarming to Medicare patients. Among proposals like raising the Medicare eligibility age to 67 instead of 65, it asks seniors to contribute a much larger share of their fixed incomes toward healthcare. It also repeals the section of the Affordable Care Act that allows the federal government to negotiate prescription drug prices for Medicare patients.

"Under the proposal, a typical 65-year-old retiring in 2022 would be expected to devote nearly half their monthly Social Security checks toward health care costs, more than double what they would spend under current Medicare law,"

Kaiser also cited a Congressional Budget Office (CBO) review of Ryan's proposal, citing how much seniors would be expected to pay for healthcare costs in a private health insurance plan as opposed to Medicare:

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According to the CBO analysis, the total cost of providing health care benefits (premium and other costs) to a typical 65-year old in a private plan would be about $20,500 in 2022. The government would contribute $8,000 or 39 percent toward the total cost, and the remaining $12,500 would be paid by the beneficiary. The CBO projects that out-of-pocket costs for the typical 65-year old would be more than twice as large under the proposal than under traditional Medicare ($5,630) in 2022, because the cost of providing benefits is greater under private plans than under traditional Medicare.

The higher out-of-pocket costs under the Ryan plan is particularly problematic under the current payment structure for seniors who depend on their earned Social Security benefits as their sole source of income. In their analysis, Kaiser found that for the average senior who receives just $2,130 per month in Social Security benefits (using 2022 figures, which is when the Ryan plan would take effect), a retiree would have to pay $1041.66 of that income for their healthcare.

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"While Speaker Ryan argues that the motivation behind his proposal to privatize Medicare is done to save federal money over the long term, Kaiser pointed out that the Congressional Budget Office's math paints a different picture. According to the CBO's analysis, private health insurance subsidies would actually be far more costly than simply continuing the Medicare program as is:

While private plans may be able to achieve lower utilization through tighter cost and care management practices, the CBO believes the total costs of providing a similar benefit package would be higher under private plans than Medicare, and that the differential between the costs under traditional Medicare and the costs under private plans would widen over time."

#1 | Posted by PunchyPossum at 2016-11-28 11:35 PM | Reply

Bankrupt millions of seniors overnight, millions wouldn't be able to use the subsidies because they won't be able to affort their share of the premiums for insurance. The headline is exactly correct, this is insane! Paul Ryan is a dispicable vulture.

#2 | Posted by danni at 2016-11-29 09:34 AM | Reply | Newsworthy 1

The alternative being pushed by progressives and Dems is to do absolutely nothing and let the program implode.

It is actuarially impossible to tax the program into solvency.

#3 | Posted by JeffJ at 2016-11-29 09:52 AM | Reply

"Under the proposal, a typical 65-year-old retiring in 2022 would be expected to devote nearly half their monthly Social Security checks toward health care costs, more than double what they would spend under current Medicare law,"

That is awesome. How about doing it right now for current retirees?

Oh Ryan and the GOP are too pussified to do anything that bold.

Ryan and the GOP are scum.

#4 | Posted by 726 at 2016-11-29 09:53 AM | Reply

"yIt is actuarially impossible to tax the program into solvency."

Utter nonsense. You can say it over and over but it still will never be a fact.

#5 | Posted by danni at 2016-11-29 10:15 AM | Reply

#3 | Posted by JeffJ at 2016-11-29 09:52 AM

Are they even trying to raise taxes for it anymore? As another poster pointed out the other day, Obama made the Bush tax cuts permanent.

#6 | Posted by LIVE_OR_DIE at 2016-11-29 10:22 AM | Reply

Are they even trying to raise taxes for it anymore?

Well part of ACA was an additional .9% medicare tax on wages over $200,000 as well as 3.8% net investment income tax on passive income for taxpayers with AGI over $450,000.

When Obama made the Bush tax cuts permanent, they also raised the top bracket from 35% to 39.6% along with putting back in the phase out of personal exemptions and itemized deductions for upper income brackets.

Trump wants to do away with all those and give an additional tax cut to the 1% by reducing the top rate to 33%.

#7 | Posted by 726 at 2016-11-29 11:01 AM | Reply

As another poster pointed out the other day, Obama made the Bush tax cuts permanent.

#6 | POSTED BY LIVE_OR_DIE AT 2016-11-29 10:22 AM | REPLY

Who was that poster? They were telling just part of the story. Obama kept the tax cuts for the middle class and let the tax cuts for the 1% expire.

www.cbpp.org

#8 | Posted by BruceBanner at 2016-11-29 11:30 AM | Reply

Take it up with the CBO and chief Medicare actuary, Danni.

#9 | Posted by JeffJ at 2016-11-29 11:32 AM | Reply

Take it up with the CBO and chief Medicare actuary, Danni.

#10 | Posted by JeffJ at 2016-11-29 11:32 AM | Reply

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The Dems are willing to let Medicare implode yet it's Ryan and the GOP who are scum according to 726.

#11 | Posted by JeffJ at 2016-11-29 11:34 AM | Reply

So Jeff, what would happen if younger people could pay premiums into Medicare? They could save money on health insurance and make the entire program solvent. Privatizing Medicare is just a recipe to create millions of old people with no health insurance.

#12 | Posted by danni at 2016-11-29 11:37 AM | Reply

The higher out-of-pocket costs under the Ryan plan is particularly problematic under the current payment structure for seniors who depend on their earned Social Security benefits as their sole source of income. In their analysis, Kaiser found that for the average senior who receives just $2,130 per month in Social Security benefits (using 2022 figures, which is when the Ryan plan would take effect), a retiree would have to pay $1041.66 of that income for their healthcare.

Doesn't he want to tank SS too?

What's this plan look like if analyzed in the context of Ryan's SS plan?

#13 | Posted by jpw at 2016-11-29 12:15 PM | Reply

"Doesn't he want to tank SS too?"

He wants to hand it to Wall Street.

#14 | Posted by Danforth at 2016-11-29 12:22 PM | Reply

Yes. I believe it's SS put into private hands.

#15 | Posted by BruceBanner at 2016-11-29 12:26 PM | Reply

Ron Wyden here in Oregon has also been pro-Ryan voucher system.

We're really surrounded by these cretins at every strata.

Medical marijuana products are still prohibited from being purchased by anyone other than a medical card holder. This is intended to directly and most effectively deny those who would skirt the untrustworthy federal medical information/admission roundup. People should be afraid of registries of any kind, but most particularly those that imply conformity within a federal requirement that still to this day considers marijuana a wholly non-medical, deadly and addictive substance at the top of it's scheduling classification. These great legal scholars and informed thinkers have had a few years to educate themselves and thus must have determined that a registry would dissuade what they must consider the most dangerous manner of application - the non-psychoactive CBD component. The strains that kill tumors and regrows even severely traumatized brain tissues. Because to legalize such a thing would be insane?

The CDC, the AMA and every other "medical" authority who have informed this decision should be obliterated from the top down. No pensions. No golden parachutes. And most specifically go after their stocks. I could probably predict a number of conflicts of interest, but that's just the tippy-top of the landslide of buy-offs of our health interests. We still can't even negotiate with drug companies, let alone our cable provider or cell phone provider. Our cost of living increases, pricing reflects nothing real in "market" terms other than how much money can be harvested legally. We have no real protection. Even our money is devaluing, and yet cretins like Sklarelli still get away with mass murder and make us pay through the nose for it.

Marijuana has a huge revenue potential too. That would imply that the federal minds are oblique in defending their mandate of "insanity" (we'll imply encephalitis or a spongiform disorder because anything less deserves jail time). Here's hoping for everyone to suddenly change and do the right thing. Ryan is a bag of snakes, and to trust anything it has in mind for our society other than profiteering and parasitism is folly, imo.

#16 | Posted by redlightrobot at 2016-11-29 04:03 PM | Reply

"Doesn't he want to tank SS too?"
He wants to hand it to Wall Street.

#14 | POSTED BY DANFORTH AT 2016-11-29 12:22 PM | FLAG:

What could possibly go wrong there?

I hope the Trumplings have room in the double wide for Mom and Pops to move in.

#17 | Posted by 726 at 2016-11-30 08:19 AM | Reply

Hopefully we will all learn that nothing is free. We have negative rights, not positive ones. You do not have anything guaranteed to you, because to happen to live in a certain place. You do have the right to be left alone as much as possible, to make your own way. As far as health care, we should look at what works in other countries. You can smoke in Germany, but you pay for it in insurance. You pay for a plan that you can afford. And no, poor people don't get transplants there.

#18 | Posted by docnjo at 2016-11-30 01:08 PM | Reply | Funny: 1

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