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.
- What's the deal with switchblades? (25 replies)
- RIP Bobby Drinnon (8 replies)
- Shoulda got Moxley (49 replies)
- Keep Knoxville Beautiful: Nominate a location to be beautified (6 replies)
- U.S. Senate candidate Terry Adams blasts Alexander on veteran votes (6 replies)
- Ex SR No. 4501 Passes FRA Boiler Inspection (1 reply)
- Teacher-candidate wins Seventh District seat by default (61 replies)
- Anti Union Picketing Bill is moving - deferred to next Tuesday 3/11 (13 replies)
- Herr Huffman-Rhee on TEA (3 replies)
- Major bitcoin exchange vanishes, along with $350 million (37 replies)
- Obamacare Just Made Americans Richer Without Anyone Noticing (1 reply)
- Stop the State Power Grab- NO Changes to the Right to Farm Act! (16 replies)
- Mar 8 2014 - 6:30pm (1 day 14 hours from now)
- Mar 20 2014 - 7:00pm (1 week 6 days from now)