Who's doing the praising? A guy from the Heritage Foundation and a former McCain advisor.
Shocking that two rightwingers would praise Ryan.
The story says:
Ryan's proposal, part of what he calls "A Roadmap for America's Future," would replace the existing Medicare benefit for people under 55 with a voucher that could be used to buy private insurance. The payment, which Ryan has said would initially average $11,000 a year, would be adjusted for inflation and tied to income.
That would lessen the fiscal challenges facing the Medicare program because health care spending outpaces overall inflation. But at the same time, it could lower costs by putting pressure on doctors and hospitals to become more efficient.
The story fails to note that the way Ryan's plan really lowers cost is by balancing the budget on the backs of poor seniors.
More from the Tax Policy Center on Ryan's roadmap:
ReplyDelete"In his provocative Roadmap for America’s Future, Representative Paul Ryan (R-WI) figures that his broad tax code overhaul would eventually generate about 19 percent of Gross Domestic Product in revenues. But the Ryan plan would produce hundreds of billions of dollars-a-year less than that—about 16.8 percent of GDP—a decade from now, according to new Tax Policy Center estimates. Moreover, the plan would give a huge tax cut to the wealthy, while cutting taxes by little or nothing (and in some cases even raising taxes) for low- and middle-income people."
Thanks lot for this useful article, nice post
ReplyDelete