The Romney/Ryan Medicare voucher program is a fraud. As Bill Clinton might say, the arithmetic doesn't work.
In 2011, Medicare spent $551 billion on health care for 47.6 million enrollees. That works out to about $11,500 per enrollee.
The Romney/Ryan plan would replace that with a $7500 voucher seniors would use to purchase insurance in the "free market."
They seem to think insurance companies, with their higher administrative overhead, can somehow lose $4000 per enrollee and still have money left over for marketing costs, profits and executive bonuses. Perhaps there is a secret magical fairy dust component they haven't told us about?
And how did they come up with the $7500 figure? Maybe they were sitting around at the 19th hole clubhouse brainstorming and had an intern google up the total U.S. health care spending per-capita on their iPhone. $7500 would have been about right several years ago. In 2011, it was more like $8300.
But even if they proposed a more generous voucher in that amount, it would still fall short. Maybe their intern forgot to mention that seniors have higher health care costs than the population as a whole.
They're a couple of grifters running a long con.
- BREAKING: Metro Pulse shutting down, staff fired, other layoffs at KNS (300 replies)
- What's at stake with Amendment One (12 replies)
- A Great Response to a False and Deceptive Ad (16 replies)
- Literary artists in the house! Homes given to writers for free in Detroit (2 replies)
- Here's a fun way to explain our State Senate Race (7 replies)
- Town Hall Forum (1 reply)
- International Baccalaureate (8 replies)
- ISIS+ (10 replies)
- We're calling a personal foul on Gloria Johnson's opponent (18 replies)
- Burlington is back (10 replies)
- Blackwater guards found guilty in Iraq shootings (8 replies)
- No-Show Smith finally shows up – But guess where? (16 replies)
- Oct 28 2014 - 5:30pm (4 days 2 hours from now)
- Oct 28 2014 - 6:00pm (4 days 3 hours from now)
- Oct 30 2014 - 7:00pm (6 days 4 hours from now)