Monday, August 20, 2012

The neverending Republican war on Medicare

by Jon Perr aka Avenging Angel for Daily Kos


In the week since Mitt Romney named Paul Ryan as his running mate, both Democrats and Republicans have claimed theirs is the party which will save and protect Medicare, the federal health insurance program for nearly 50 million seniors. But Americans have good reason to believe one side is lying to them. After all, the Affordable Care Act signed into law by President Obama adds 8 years to the Medicare trust fund, realizing $716 billion in savings over 10 years from private insurers, hospitals and waste while expanding today's benefits to include free preventive care and closing the prescription "donut" hole. In stark contrast, in 2011 and 2012 98 percent of Republicans in Congress voted for Paul Ryan's budget plan, which not only repeals the ACA but would transform Medicare into an under-funded voucher scheme the nonpartisan Congressional Budget Office confirmed would dramatically shift health care costs onto future elderly. Just as damning, the Ryan plan takes the same $716 billion in savings to partially offset the cost of its budget-busting tax cut windfall for the wealthy.

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